Tax Returns. I've been hearing little bits and pieces in blog-land about them from the early filers. CG and I have been talking about them. They have been on my mind. No, I haven't done our taxes yet, but that's not what I've been thinking about. I have a question.
What do you do with your tax return?
There are so many options, really. The only limit is your imagination. And I guess the amount of your return, if you want to be picky.
CG and I have been talking about this lately. Growing up, CG's Dad was self-employed so "tax return" wasn't mentioned as often as "tax deduction". When we were first married things were a little tight. CG was in school and we had an adorable little baby to feed and clothe. And like most people in that situation, we weren't exactly rolling in the dough. We would put our tax return into savings and each month, if our ends didn't quite meet, we'd take money out of savings to put our ends on friendlier terms. We were also able to do some small home projects that way. Not super exciting, but it kept us from getting into credit card debt.
Some people put the money towards their mortgage or student loans. Some do home remodeling projects. Some pay off credit card debt. Some invest....I'm not sure where, but that does sound cool. Some take family vacations. I'm willing to bet that probably someone, somewhere donates it to charity.
So! I wanna know....what are you doing? Feel free to comment anonymously. And ask all your friends and family and comment for them, too. I just really want to know what most people do with their taxes. Because I'm nosy. But you already knew that from my clever title.
As for us, it's going into savings (shock!) until a future time when we need it for.....whatever we need it for. Our big goal is to just get it done in time. Last year we filed our taxes, refinanced our house and remodeled the kitchen all in the same week. This year, just filing our taxes will be enough excitement.