Tax Time

It's that time again. Uncle Sam, our favorite uncle, wants us to pay inform him of the details of our income. Some people manage their income and receive their money all year and others wait for the big check. And there are folks in between like me.

• Waiting for my Tax Check
  Jenn's story:
  All year, I've had money deducted from my check and will receive a large, lump sum when I file my taxes. In the past I have bought a new stove, gone on trips or used it for down payment on a car. This year, I may pay off some credit card debt, get a new set of tires and go to the spa. I feel like my tax return is a sort of savings account. I know that I can manipulate the numbers and get more money during the year, but then I'd have to concentrate on saving for the things I want. This way works for me.
• Breaking Even
  Erica's story:
  I am a hoarder by nature and want to give away as little money as possible. I try to make sure that my numbers are correct so that I can keep as much money in my check while owing little or nothing to my uncle the following year. It has worked for me so far. I track my spending and saving habits as well as find other (legal) ways to make money. I can't imagine having to wait on a check from the government before I purchase a big ticket item. That is unacceptable.
• In Between
  Johnny's story:
  I've never gotten a large return anyway. After all, I'm single with no children or property. I only have my income and I get taxed like crazy. I do contribute to several charities and constantly give money to church, including my tithes. I've learned that money can be claimed but I feel that's hypocritical. I GAVE it -- why would I want it back? Besides, I assume that whatever is meant to be will be. If I was to have a large return check, then I would receive one.

We all have our reasons and our methods. But one thing is for sure -- April 15th always has us showing respect to the IRS! Best wishes to you in all you do.

Phoenix