Taxes done. Getting a refund.

[disneysteve]

I had our taxes done yesterday. I don't have the final numbers yet but I do know we will be getting money back. I generally try to avoid this, but for 2008, the stock market performance (or lack thereof) contributed to the refund. Normally, capital gains taxes on non-retirement investment returns suck up quite a bit of money. Since capital gains were practically non-existent this year, there wasn't much in the way of tax to be paid. I guess that is one silver lining to the lousy market conditions.

I'll be using the refund toward our 2009 Roth contributions. We've already put in $2,150. The refund will put us one step closer to the $10,000 max.

[tifnglen]

Well at least some good is coming out of the refund. I did my taxes and got $18 back.

[FrugalIII]

Good for you! Once again I have to pay $2k to the feds. I always have to pay even after having extra money taken out of each paycheck. I have no deductions and make over $102k a year. The taxes kill me.

[creditcardfree]

Great news! And, of course, I think your plan for the money is excellent.

[boosami]

Good for you! Once again I have to pay $2k to the feds. I always have to pay even after having extra money taken out of each paycheck. I have no deductions and make over $102k a year. The taxes kill me.

Don't feel bad... I just finalized mine and owe $4k. And I do have deductions.