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My tax refund check is here I can pay some bills now.  email this discussion to a friend?

myLot reputation of 96/100. luvstochat (6696)   ranked 1,112 out of 32,948 in life 5 years ago

I am really happy HR Block just called me and my tax refund check is here. We pay the extra money to get the check the next day as we need the money really badly now I can pay my $200 gas bill and pay the cable bill before it gets shut off.
Do you wait for your tax refund to be mailed to you or do you do the rapid refund like I do so you can get your money right away?

 

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tags:  irs, rapid refund taxes, saving money, tax money, tax refund
 
1. myLot reputation of 85/100. BuntingB (1041)   5 years ago

I get mine done rapid. I am in need of the money so I can catch up on bills just like you do.

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2. myLot reputation of 84/100. pkristie7 (413)   ranked 12,399 out of 32,948 in life   5 years ago

I just got my W-2 yesterday so I am going to do it online at H&R Block today. Yes I do the rapid because I need it right away too. I always pay all of my Christmas bills off when I get my tax money. I love tax time! I have 3 kids so I get a lot back!

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3. myLot reputation of 95/100. my52cents (280)   ranked 3,334 out of 32,948 in life   5 years ago

We almost never get a refund. I'm glad that my husband is skilled at money management. He calculates things so that we come out as even as possible at the end of the year. Being self-employed involves paying taxes quarterly, so he keeps good tabs on the money and where it goes.

Remember that you pay a nice fee for that rapid refund, money that you could use elsewhere. You might consider changing your withholding so that you receive a little more each paycheck, then put that extra money away for a rainy day since you're not used to having it anyway. It's always nice to have a little nest egg stashed away, especially with a bank instead of with the IRS so that you earn interest on it.


myLot reputation of 84/100. pkristie7 (413)   ranked 12,399 out of 32,948 in life  5 years ago

My dad tells me the same thing, but then I wouldn't have a big chunk of money at one time to catch up on everything. I am not a good saver and there are always things that come up that I need to pay for. That would never work for me, but it would be the ideal way to handle money.


myLot reputation of 95/100. my52cents (280)   ranked 3,334 out of 32,948 in life  5 years ago

I certainly understand that. Many, many people feel that way and I used to, too. My husband is from a very frugal family who saved and invested very well. They're not rich (and we're definitely not rich) but they thought about the future and put money away for that, which is a good thing because my father-in-law was able to be in a nursing home for awhile before he passed away and now my mother-in-law lives comfortably (not anything fancy, just comfortable) without having to worry about how she's going to pay that nursing home bill - or buy food day to day. Just think how much you would have at retirement if you put just a little bit of money away every month. Believe me, it adds up and can save the day when an unexpected lifestyle change comes into your life. (We've been there, done that.)


myLot reputation of 96/100. luvstochat (6696)   ranked 1,112 out of 32,948 in life  5 years ago

I would also rather have the big chunk of money at the end of the year than change my withholding. I don't mind paying the fee for the rapid refund we get a nice chunk of change so we don't even notice that extra they take out.

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4. myLot reputation of 94/100. sedel1027 (12989)   ranked 1,116 out of 32,948 in life   5 years ago

I do my own taxes online and normally have the money in less than a week e-filing. We are lucky enough to have money to more than cover our bills so I don't feel the need to waste some of our refund rapid filing.

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5. myLot reputation of 2/100. dumper (153)   5 years ago

We efile and state usually comes in a week and federal in about three weeks. Is H&R charging $200 again? I think thats way too much, don't you?

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6. myLot reputation of 95/100. zeloguy (2397)   ranked 1,619 out of 32,948 in life   5 years ago

Wow I haven't even gotten my 1099s yet. That really sucks... people have their money back and I am waiting for my business to get off their butts and get my W-2 and 1099 to me.

It's just not fair!

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7. myLot reputation of 85/100. oneandonemakesix (23975)   5 years ago


We normally file electronically, and we usually have it deposited into our bank account, I don't do the rapid refunds as its a loan, and they want to do a credit check, and charge you interest, but we will probably owe state again, and we will probably have a low refund for federal... my husband needs to up his withooldings which will make it rough as we are already scraping by and living paycheck to paycheck, so I will need to kick up and find ways I can steadily bring in about 100.00 a month.....

Mooch

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8. myLot reputation of 100/100. terri0824 (3607)   ranked 781 out of 32,948 in life   5 years ago

I just sent mine to my tax accountant. I just have mine direct deposited into my checking account. Though as you I will be paying bills to get caught up on the bills that I am behind on, and hopefully have a little extra to get a few things that I need and want.

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