# Tax Season 2007

**URL:** <https://forums.speedlife.net/t/tax-season-2007/23600>\
**Category:** NYSpeed Off Topic\
**Created:** [January 25, 2007, 2:38pm UTC](https://forums.speedlife.net/t/tax-season-2007/23600 "2007-01-25T14:38:27Z")\
**Posts on this page:** 1\
**Showing post:** 31

<div class="post-metadata">

**Author:** ![Ovrwrkd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ovrwrkd/32/7586_2.png) [@Ovrwrkd](https://forums.speedlife.net/u/Ovrwrkd)\
**Post date:** [January 26, 2007, 7:37am UTC](https://forums.speedlife.net/t/tax-season-2007/23600/31 "2007-01-26T07:37:56Z")

</div>

> [@JayS](#):
>
> Every year I laugh at the people who are all happy because they’re getting a big refund.
> 
> All that means is you paid in too much, and gave the government an interest free loan all year. Ideally you want to shoot for getting \<$50 back. Paying a little bit in is good too, but if you have to pay in multiple years you can run into penalties.

I understand and agree with you. My situation for this tax year was beyond my control. I received a settlement for a case I was involved in. The settlement was handled as back wages and I literally got raped on the taxes the took from that ‘paycheck’. This was all right at the end of December as well, so the govt. didn’t get to keep my money for too long.

Normally, I end up getting $150 or less back from the Fed and owe the state around $50.

---

_[View the full topic](https://forums.speedlife.net/t/tax-season-2007/23600)._