I try and break even, why would you want the government holding your money and making interest on it when you can already have it?

don't get a huge return.

i always wanted to keep even with the government, don't want them to use me as a savings account and I dont' want to owe....stay right in the middle with a small return..

I have been audited the last two years so this year I can't wait to get the LETTER...

because sometimes it can be really difficult to accurately calculate how much tax you will owe

and I definitely want to make sure I don't have to pay at the end of the year - that's a kick in the nuts for sure.

also it's nice to give yourself a little present at the end of the year.

I'm with you here... I stay even and pick up a couple hundred from st and fed.

I made a lot of charitable donations and worked a lot of pro-bono hours this year. As well as paying in much more than my bracket dictates...I'm hopeful for a solid return. If so...it's high time to buy my girl a ring. We've been together 11 years in June. High School sweethearts. We've both been putting off engagement until we were financially stable, so it's not just my fault, lol.

good for you!

Exactly.

Congrats!

What a great thread!

It almost reminds me of this one from 3 weeks ago:

http://www.chiefsplanet.com/BB/showthread.php?t=268635

Putting a wood stove in my basement, I am tired of being molested by the oil company.

Great investment, well worth the cost.

Audited two years in a row? What kind of red flags do you set off?

Well, it depends on the size of the loan. I did some calculations on various size loans. And as of the rates a couple years ago, you could about count on paying double your principle on a 30 year amortization excluding any PMI. I can't remember if that included property tax or not, I don't think it did. Either way, it's good enough for a rule of thumb. Borrow 100K for 30 years, pay 200K total. So yeah, that's as good of a case for paying extra principle if there ever was one. And the hell of it is that interest rates are low!

Mother **** that! Is it a full audit or just asking to verify aspects of your return?

Claimed his name was Saddam Hussein.

added dog as a dependent