Comments on: Taxes Filed – Refund(s) Received! http://pantsinacan.com/2010/02/27/taxes-filed-refunds-received/ A Personal Finance Blog with a Silly Name Tue, 07 Feb 2012 19:59:08 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Super Romantic Valentine’s Day Tradition » Pants in a Can http://pantsinacan.com/2010/02/27/taxes-filed-refunds-received/#comment-80423 Super Romantic Valentine’s Day Tradition » Pants in a Can Tue, 15 Feb 2011 00:18:14 +0000 http://pantsinacan.com/?p=1817#comment-80423 [...] Not much to report, really — my 2010 taxes were almost an exact carbon copy of my 2009 taxes. [...] [...] Not much to report, really — my 2010 taxes were almost an exact carbon copy of my 2009 taxes. [...]

]]> By: Musings on a Snowy Day » Pants in a Can http://pantsinacan.com/2010/02/27/taxes-filed-refunds-received/#comment-78103 Musings on a Snowy Day » Pants in a Can Sat, 08 Jan 2011 18:10:43 +0000 http://pantsinacan.com/?p=1817#comment-78103 [...] mean, usually, a month from now, I’m finishing up my taxes and waiting for that nice big check (I mean, deposit) from the [...] [...] mean, usually, a month from now, I’m finishing up my taxes and waiting for that nice big check (I mean, deposit) from the [...]

]]> By: Net Worth Update: March 2010 (+$8,784) » Pants in a Can http://pantsinacan.com/2010/02/27/taxes-filed-refunds-received/#comment-67058 Net Worth Update: March 2010 (+$8,784) » Pants in a Can Sat, 06 Mar 2010 11:27:55 +0000 http://pantsinacan.com/?p=1817#comment-67058 [...] mean, anytime that you suddenly find $3847 extra in your checking account, well, it’s probably going to be a good [...] [...] mean, anytime that you suddenly find $3847 extra in your checking account, well, it’s probably going to be a good [...]

]]> By: Brainy Smurf http://pantsinacan.com/2010/02/27/taxes-filed-refunds-received/#comment-66840 Brainy Smurf Sun, 28 Feb 2010 12:09:34 +0000 http://pantsinacan.com/?p=1817#comment-66840 I suppose that makes sense -- and your answer was quite clear -- but it still doesn't seem right... I had to report that income for the year 2008. And then I had to report it AGAIN for the year 2009. Their taxing me for money that I made two years ago -- when I'd already paid up. I dunno, just seems like a nickel and diming scheme. See, since I received a refund again this year, they're going to come looking for their cut again next year... I suppose that makes sense — and your answer was quite clear — but it still doesn’t seem right…

I had to report that income for the year 2008. And then I had to report it AGAIN for the year 2009. Their taxing me for money that I made two years ago — when I’d already paid up.

I dunno, just seems like a nickel and diming scheme. See, since I received a refund again this year, they’re going to come looking for their cut again next year…

]]> By: Anonymous http://pantsinacan.com/2010/02/27/taxes-filed-refunds-received/#comment-66823 Anonymous Sun, 28 Feb 2010 02:35:39 +0000 http://pantsinacan.com/?p=1817#comment-66823 When you itemize your taxes you deduct the state taxes you paid through payroll checks. Your state income tax refund is income that you receive that you did not pay federal taxes on since you itemized your deductions. If you did not itemize your taxes, you would not have to add the 1099-G income to your federal tax return. If the federal government did not do this people could avoid federal taxes by making large tax estimates to their states to deduct them on their taxes and then just wait for for the state tax refund to get their money back without pay taxes on it! Hopefully I was clear enough and didn't ramble much... When you itemize your taxes you deduct the state taxes you paid through payroll checks. Your state income tax refund is income that you receive that you did not pay federal taxes on since you itemized your deductions. If you did not itemize your taxes, you would not have to add the 1099-G income to your federal tax return. If the federal government did not do this people could avoid federal taxes by making large tax estimates to their states to deduct them on their taxes and then just wait for for the state tax refund to get their money back without pay taxes on it! Hopefully I was clear enough and didn’t ramble much…

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