6000 in tax return guys whats the smart thing to do?

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Spare me the jokes about putting it all offshore and laying it all down on a no doubter..
I would like decent advice I dont want to blow it but dont think investing is good right now is it?
 

Honey Badger Don't Give A Shit
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If your primary ride is not above average, go out and find the best two to three year old (20-30K max miles) vehicle that fits your taste.

Put the six grand down and finance the rest for probably under $200 a month.
 

Fah-New-Gee
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Slumpbuster .... find the biggest, gnarliest, nastiest fat chick you can find .... big dinner, great wine, then screw the crap out of her.

Use the other $5,995 to pay-off your bills and put some $$$ in the bank for a rainy day.
 

Rx. Senior
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If you hadn't given an interest free loan to the government how would you have used the money?
 

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He is saying you paid your taxes and our system is f'd up.

He is correct.
 

Rx. Senior
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I'm saying that if you should spend the money exactly as you would have if you had a $0 return but your paycheck was $115 higher each week. You simply loaned that money to the government interest free
 
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I'm saying that if you should spend the money exactly as you would have if you had a $0 return but your paycheck was $115 higher each week. You simply loaned that money to the government interest free
I hear ya but it is what it is and has been this way and probably will always
so im use to it since its all i know
But thanks anyways
 

ECS

Cincinnati: F U Mike Brown
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I always use half on vacation and half for something that the house/car/ect needs...
 

Medium Rare
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Spare me the jokes about putting it all offshore and laying it all down on a no doubter..
I would like decent advice I dont want to blow it but dont think investing is good right now is it?

invest in picks from bettingresource.com
 

Honey Badger Don't Give A Shit
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I hear ya but it is what it is and has been this way and probably will always
so im use to it since its all i know
But thanks anyways

That's why the slang term for your annual tax accounting is "tax return". The money deducted from your paycheck is a literal prepayment of your taxes. When that deducted money exceeds your actual tax owed (which can only be calculated once the year ends), it is "returned" to you.

If you will show your W2 to a competent tax accountant he could probably advise you how to submit a new W4* to your employer which would result in your having less money deducted from your paycheck each week/two weeks. That would mean of course a smaller "return" next spring, but in the meantime you would have more of YOUR money in YOUR hands, rather than being held by the IRS for up to 12 months until they "return" it to you.

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*W4 is the form you fill out and sign prior to employment which instructs your employer as to which of the approximately dozen levels you wish to have your deductions set.

Most people select "0" and that inevitably leads to significant overpayment during the year and as mentioned above - a significant "return" the following spring.

However, most people legally qualify for one or more "exemptions" shown on the W4. The more exemptions, the less money deducted from your check. But it's best to have your tax accountant advise you as to which level of exemption you can legally qualify. It's the type question any tax accountant could answer in a couple minutes after reviewing your personal situation (marital status, children, number of jobs, disabilities etc)
 

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your a single guy that got 6dimes back??? that is a lot of taxes you paid at the beginning, first thing id do is change my W-4 so they don't take out as much, I know a single mom with 2 kids making 30K a year that did not get 6 grand back ... if your married then put half in the bank at least
 

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saints moneyline. then you'll be asking us what to do with $12,000.
 

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