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Old 02-18-2015, 08:17 AM
 
3 posts, read 2,078 times
Reputation: 10

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every time we get paid they take out a chunk of our $$$, you mean to tell me at the end of year you don't deserve that bakx ???? some claim 0 to 1 all year, then when filing claim there children , all depends how they want to do that .. most get that back, now people like my dad an grand parents have to pay 2 to 3,000 in each year , they have their own home / land , and my dad is a truck driver .. he has to owe every year. people like me, my aunt and Co workers get back what we paid in.
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Old 02-18-2015, 09:14 AM
 
687 posts, read 616,887 times
Reputation: 1015
I would owe $75 if I didn't take a deduction for the interest on my student loans. I paid over $1,000 in interest this year for Stafford loans. They compound that interest daily, so I paid roughly 10% in interest by paying at least $800/mo over the minimum payment. Heaven knows what it would have been if I was only making minimum payments. And these are the low interest, favorable student loans!

So, with that, I get $120 dollars back after making 32k last year, and paying roughly 4k in taxes. Doesn't really feel like much of a break.

I'm using it for my next loan payment.
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