$5,036
That's what I came up with when I ran a tax estimate on the Turbo Tax web site.
I even adjusted my withholdings last February, so I kept more of my money, and my refund wouldn't be so big.
That's based on my income, my tax withholdings, also I estimated a $3,000 loss on our rental. The big kicker is four child tax credits.
We'll be getting another tax credit that wasn't part of the estimate, because we used energy efficient materials when we had the roof put on. That might be $500.
A 5K tax refund will help a lot.
It won't be used for a cruise.
It won't be used for a new plasma TV.
It won't be used as a down payment for a 25K car.
It will be used, in one form or another, to reduce debt (or toward an EF).
Now to begin planning on how best to place that money for financial security.
I estimated my tax refund
December 5th, 2011 at 06:55 pm
December 7th, 2011 at 04:58 am 1323233904
December 7th, 2011 at 02:02 pm 1323266558