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Monday, March 7, 2011

The Tax Man taxeth. . . .

And then he giveth back! I was pleasantly surprised by both my federal and state tax returns this year. For whatever reason, although I earned just about the same amount this year as I did last year, I received a larger refund - by about $400. Part of this is due to the fact that one of my employers is finally taking out state taxes, which helped. I have no idea what led to the federal refund, although I changed my withholdings several times last year (my human resource office must hate me) so maybe I had more taken out than I thought I did.

Anyway! Both refunds have now been deposited in my bank account, which resulted in a nice hefty payment to the student loan services. Yay! I've still got some of the state refund in my account and can't decide whether to use it to pay down my credit card (still somewhat high from the car and cat fiascos) or put it in savings or put it towards my second mortgage or student loan.

Sometimes it's nice to have more money than one knows what to do with, eh? That doesn't happen often so I'm going to revel in it for awhile before waving goodbye to those extra dollars (which, after all, were mine to begin with anyway, right?)

3 comments:

babybluewater said...

Good for you! That's a great feeling when you get a little extra and can throw it right towards a bill or two. Way to go :)

Frugal Student said...

Could be the schedule M, making work pay? Did you claim that last year ask well as this year?

Jason said...

Very, very good!

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