Average Tax Return
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Average Tax Return
| Mon, 03-07-2005 - 9:08am |
I heard on the news this morning that the average tax return is $2,436. Up 9% from last year.
Is your tax return below, higher or around the average? Are you getting a bigger return than last year?
I'm single, so I'm definitely getting less than the average. My Fed return was around $740, and my State was $179. I think I am up a couple of hundred from last year.

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Our Federal was 4121, and our state was 1303. I talked to DH about changing our withholdings to get more of that money in our paychecks, but he says that as we pay off our loans, we won't be able to count on the interest deductions anymore, so he wants to keep it the way it is and see what happens next tax time.
Pat
DH and I are BELOW average. Last year we received $350. Since we both work we don't qualify for any extra credits for DD. (daycare, earned income credit, etc)We live in Texas and don't have state income taxes YIPPEE
Susan
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We don't have child care expenses. Usually DH's schedule allows him to be home when DD gets home from school or my MIL watches her. So I'm glad we don't spend $$$ however, it would be nice to get a credit on our return.
Susan
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Ours is a little over 4 times the average rate but I use it as a forced savings account. My dh claims "Zero- single status" so he has approx 33% of his salary taken out each week in taxes (FICA, state, medicare, federal). We use a good chunk of our return to pay our property taxes and homeowners insurance.
Our refund was less this year since we no longer get the child credit for our oldest child.
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