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Federal and State Tax Refunds

January 27th, 2014 at 12:21 pm

Frigid weather allowed for us to be housebound, and I took the opportunity to do our taxes. (Not very complicated given 1 W-2, one statement for interest, mortgage interest, and student loan interest.

Our situation for refunds:

$4,981 for federal
$479 for state

Plan for funds:

Federal goes right to property tax prepayment

State: open separate account for DH's education expenses (anticipated $500 first year).

Feeling hopeful about our finances. Looking forward to end of week so I can do a monthly wrap-up.

2 Responses to “Federal and State Tax Refunds”

  1. HouseHopeful Says:

    That's a significant refund. Have you thought about adjusting withholdings so that you get the funds via paychecks instead of tax time?

  2. rob62521 Says:

    Good job on getting your taxes completed.

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