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Where's your tax refund going?

post #1 of 36
4/14/09 at 2:05pm
Thread Starter 
Just curious to see what people are doing, last year mine was more or less squandered, this year I'm paying off a credit card and putting a little money in the bank for the Basenotes Chicago meet-up. They say to take 10 percent for an item of pleasure so this might be the year I pull the trigger on Wall Street, or Vetiver Tonka.
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post #2 of 36
4/14/09 at 2:12pm
I am meeting with my accountant next Monday. HOPEFULLY I will get a healthy return. If so, mine will partly go towards an art piece by Waldemar Kolbusz, and another part towards a holiday in September when the Mrs and I will be celebrating 10 years of wedded bliss.
Of course, then there's perfume... maybe Straight to Heaven, Black Tie... well, the list of possibilities are endless really.
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post #3 of 36
4/14/09 at 2:15pm
What tax refund?
I wish. I owe big time and am trying to figure it out!
Sounds like fun there Dimitri and bluesoul!
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post #4 of 36
4/14/09 at 2:16pm
Quote:
Originally Posted by dimples View Post

What tax refund?
I wish. I owe big time and am trying to figure it out!
Sounds like fun there Dimitri and bluesoul!

Pure speculation at this point dimps.
Fingers crossed he will manage to get a wee bit back.
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post #5 of 36
4/14/09 at 2:42pm
Thread Starter 
Quote:
Originally Posted by Dimitri View Post

I am meeting with my accountant next Monday. HOPEFULLY I will get a healthy return. If so, mine will partly go towards an art piece by Waldemar Kolbusz, and another part towards a holiday in September when the Mrs and I will be celebrating 10 years of wedded bliss.
Of course, then there's perfume... maybe Straight to Heaven, Black Tie... well, the list of possibilities are endless really.

Ooh, ten years huh? Congrats my friend! When's that coming up? Interesting that you're considering Straight to Heaven, I was at such a loss for what was going on with it that I didn't even blog on it. Still need to try Black Tie, that almost made it in that last set of niche samples. Maybe it's time for another volume of niche experiments.
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post #6 of 36
4/14/09 at 3:06pm
Into the bank.
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post #7 of 36
4/14/09 at 3:51pm
It's going along with me to Paris this June, to La Maison Guerlain and Salon du Palais Royal Shiseido. Ooops, I think I drooled a little bit on myself just now... so excited...
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post #8 of 36
4/14/09 at 3:56pm
The down payment on a house...

If I can just keep these cash bidders from blowing my deals out of the water...
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post #9 of 36
4/14/09 at 4:41pm
I filed WAY early so I'd have money for my LA trip in February. The rest of it went toward credit card & car payments.

I've been doing really well at saving money, though, mostly in the form of cutting out some extraneous recurring charges on my credit card, making smarter choices at the grocery store, & sipping wine on weekends instead of going out to bars & getting blitzed.

I'm treating myself to a bottle of John Varvatos Artisan, & maybe getting some tattoos touched up.
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post #10 of 36
4/14/09 at 4:46pm
Quote:
Originally Posted by dimples View Post

What tax refund?

Ditto. The only time I got a tax refund was when I married my husband. That didn't last long. The years of refunds, that is.
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post #11 of 36
4/14/09 at 4:47pm
I went to sniffapalooza with mine.
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post #12 of 36
4/14/09 at 4:52pm
Hopefully a Canon 5d Mark II
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post #13 of 36
4/14/09 at 5:21pm
Toward taxes, believe it or not.
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post #14 of 36
4/14/09 at 6:34pm
Don't know why, but I'm getting about $1250 back this year. Most of it will go into the bank, just to play things safe. I'm pretty happy with my collection at the moment, though a bottle of OV would be nice...

Oh, I do need a new bottle of Van Winkle! Maybe I'll get both the 12 and 15 year old. Whiskey that is - take your mind out of the gutter!
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post #15 of 36
4/14/09 at 6:43pm
Thread Starter 
Quote:
Originally Posted by NEoTY26 View Post

Hopefully a Canon 5d Mark II

Color me jealous, those things are amazing. I'd still take a 5d without hesitation but the MkII was a true successor to one of the best full-frame cameras ever made.
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post #16 of 36
4/14/09 at 6:51pm
What tax refund?!
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post #17 of 36
4/14/09 at 7:19pm
I already paid off my escrow shortage with it
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post #18 of 36
4/14/09 at 7:21pm
I don't get one this year. I had some freelance work that caused me to have to pay. But I'm not complaining! Much.
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post #19 of 36
4/14/09 at 7:29pm
First, pay off the car once and for all.
Second, we're building a deck for the new house.
Finally, I've got my mind set on Timbuktu!

...not necessarily in that order.
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post #20 of 36
4/14/09 at 7:54pm
Quote:
Originally Posted by DocmanCC View Post

Toward taxes, believe it or not.

Hee. Good ol' Oregon.
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post #21 of 36
4/14/09 at 8:59pm
It went mostly into savings, with a few dollars set aside for buying fun stuff.
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post #22 of 36
4/15/09 at 1:25am
Mine may be going towards a financially irresponsible trip to D.C. to visit a friend and do some fragrance shopping! Still in the planning phase though...
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post #23 of 36
4/15/09 at 8:10am
Bills to ward off those pesky interest rates.
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post #24 of 36
4/15/09 at 8:39am
Mine was not very big, but it's better than paying. It's still sitting in a cabinet because I keep forgetting to take it to the bank and deposit it. lol
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post #25 of 36
4/15/09 at 9:29am
Quote:
Originally Posted by bluesoul View Post

Ooh, ten years huh? Congrats my friend! When's that coming up? Interesting that you're considering Straight to Heaven, I was at such a loss for what was going on with it that I didn't even blog on it. Still need to try Black Tie, that almost made it in that last set of niche samples. Maybe it's time for another volume of niche experiments.

Thanks blue
Its coming up in September, so hopefully sufficient time to plan and book a trip etc.
J'adore STH, and BT... decisions, decisions... I may have to wear each of my samples as a SoTD to do the final weigh in. Finances and a favourable return pending, of course.
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post #26 of 36
4/18/09 at 11:37am
No refund here. We had to pay. But not as much as we had feared, thank goodness.
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post #27 of 36
4/19/09 at 10:57pm
I never get refunds from the IRS, probably because I pay just barely enough in quarterly estimated tax to avoid having to pay penalties for underpayment of estimated tax. It's tricky business too, because during years where your income increases during the tax year, you can get walloped with penalties for earlier quarter payments which were inaccurately based on projected lower annual income. That's a nice little perk the IRS reserves for itself --- it requires you to be able to predict the future ... and whacks you with a 6% penalty if you can't.
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post #28 of 36
4/20/09 at 4:33am
Quote:
Originally Posted by Astaroth View Post

it requires you to be able to predict the future ... and whacks you with a 6% penalty if you can't.

Yeah, I'm always amazed by that. And yet when one has a cost-basis loss, one still has to pay, and then wait for the IRS to whack one with a penalty because they didn't believe that you had a cost-basis loss. I actually had that happen one year. Luckily, it got straightened out, and I only had to pay a $50 penalty instead of a $500 one. Whee.
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post #29 of 36
4/21/09 at 12:33pm
Can I gedda HALLELUJAH PLEASE!!?

My accountant just left and it turns out I'm due a hefty refund! Not spending my trillions yet though... times are still tough. But we may be able to plan that holiday in September. I'm thinking Grasse would be a treat!
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post #30 of 36
4/21/09 at 3:35pm
It was a very unusual year for me, so I ended up with a huge refund. Most of it went toward paying down my student loan, and some toward home-improvement type things.
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post #31 of 36
4/21/09 at 3:38pm
HALLELUJAH PLEASE!!

I hope u and the missus get to take that journey.

Cheers!
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post #32 of 36
4/21/09 at 5:18pm
Purchased a nice (expensive) 12-60mm lens.

The beauty about using a tax refund to buy toys, at least for me, is that there's no buyer's remorse.
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post #33 of 36
4/22/09 at 12:01am
Quote:
Originally Posted by thaifighter View Post

HALLELUJAH PLEASE!!

I hope u and the missus get to take that journey.

Cheers!

Thanks big fella... To be honest, the way things are going, I will soooo need that holiday by September.

Quote:
Originally Posted by Octothorpe View Post

Purchased a nice (expensive) 12-60mm lens.

The beauty about using a tax refund to buy toys, at least for me, is that there's no buyer's remorse.

Excellent Octothorpe! In fact, that is an excellent idea. I have wanted to buy a new camera for about 2 years. Perhaps now is the time, because a new camera purchase (for my biz) can be claimed as a deduction again next year.
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post #34 of 36
4/22/09 at 5:56am
I'm jealous. But HALLELUJAH for you anyway.
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post #35 of 36
6/29/09 at 6:30am
Probably in the bank, next to other previous savings of mine.
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post #36 of 36
6/29/09 at 9:48pm
I don't get a tax refund this year. Bummer!
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Basenotes › Basenotes Forums › General Discussion › Off topic › Where's your tax refund going?