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Tue Jan 27, 2015, 06:55 PM

I e-filed today; will report when my refund arrives

Screw the "rapid refund" loansharks.

9 replies, 1122 views

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Reply I e-filed today; will report when my refund arrives (Original post)
jmowreader Jan 2015 OP
NightWatcher Jan 2015 #1
darkangel218 Jan 2015 #2
jmowreader Jan 2015 #3
Agschmid Jan 2015 #4
SheilaT Jan 2015 #5
jmowreader Jan 2015 #6
SheilaT Jan 2015 #7
jmowreader Jan 2015 #8
aroach Jan 2015 #9

Response to jmowreader (Original post)

Tue Jan 27, 2015, 07:03 PM

1. We're getting a refund back this year too. Not to brag, but

I will be Super Sizing my next Extra Value Meal.

I think last year it took us less than two weeks to get our refund deposited and we e-filed it ourselves.

Good luck, now we wait.

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Response to jmowreader (Original post)

Tue Jan 27, 2015, 07:07 PM

2. I e filed in the 20th.

 

Probably will get my refund before you get yours

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Response to darkangel218 (Reply #2)

Tue Jan 27, 2015, 07:17 PM

3. I'm certain you will

The big trick of getting fast refunds: FILE EARLY!!!! If you file in late January or early February, the IRS isn't overloaded yet. If you wait till April 13, they're slammed.

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Response to jmowreader (Reply #3)

Tue Jan 27, 2015, 07:19 PM

4. Yup!

My expected refund date is 2/5

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Response to jmowreader (Original post)

Tue Jan 27, 2015, 08:12 PM

5. My question to you is why are you so happy

 

to give the government an interest-free loan every year?

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Response to SheilaT (Reply #5)

Tue Jan 27, 2015, 09:02 PM

6. Because I've seen the interest rate on my savings account

My bank pays 0.01 percent interest on savings accounts. That's fairly standard across the banks in my area. The credit unions are at a quarter-percent, but as much as I like the concept of credit unions, my personal situation makes storing it in a bank a wiser decision than storing it in a credit union.

Your choices are: store the money in the Bank of Sealy for free, store the money in a commercial bank for free so some one-percenter can use it to get richer, or store the money with the government for free and a little bit of it might be used to help the needy. And by storing it with the government, I never worry about needing to pay extra on April 15 - which to me is more valuable than the five bucks or so I might make by storing it in a bank.

The Parable of the Talents, updated:
A very rich man was going on a long journey. Before he left, he called his three sons to him.

"I am going to test your investing skills, my sons."
To his eldest son he entrusted five talents. To his middle son three, and to his youngest one.

A year later he came back. "Report."
The eldest son stood: "Father, I found a wonderful investment that would double your money. Unfortunately, it turned out to be a Ponzi scheme. All your money is gone."
The middle son stood: "Father, I invested in gold. Unfortunately, the market for gold took a dump two minutes after I got into it. Of your three talents, I have a tenth of one left."
The youngest son stood: "Father, what the hell can you do with one talent? I put it in a Mason jar and stuck it in the freezer. Here it is."

The youngest son would normally be considered a hero, but his dad was shorting the hell out of the market...

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Response to jmowreader (Reply #6)

Wed Jan 28, 2015, 02:08 AM

7. So lending out money interest free is

 

better than keeping it for yourself? Your updated version of the Parable doesn't work for me.

I prefer to keep my money to myself, spend it or invest it as I want. Don't mind having to fork up some extra at tax time, because that way *I* got the interest-free loan.

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Response to SheilaT (Reply #7)

Wed Jan 28, 2015, 02:11 AM

8. Then we work differently, and let's leave it at that.

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Response to jmowreader (Original post)

Wed Jan 28, 2015, 02:23 AM

9. Already got my state refund

Received it on Friday the 23rd after filing on Jan 19. I expect the federal refund on Feb 6.

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