So DW and I did our taxes with my parents ( having a Dad who's retired IRS has it's bennies). We found out we'll be getting back almost $11k! Normally we aren't this dumb, it usually clocks in at a $1,500 return from feds, about $400 owed to state. This time both are sending money back, and the Feds big time! The reason is DW started consulting last year (rather than being employed) and we were very conservative with her quarterly estimate checks ( don't want a fine!). Our plan is to use safe harbor from now on, but I have to tell you, it's a pretty intoxicating feeling to get a phat return! Unfortunately, it's all going to my graduate school or in her IRA. No Nintendo Wii for me
Anybody out there do the big return thing, even though you know it's loaning free money to the gubmint? Get an unexpected big return?
Anybody out there do the big return thing, even though you know it's loaning free money to the gubmint? Get an unexpected big return?