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Do you pay off credit cards with your income tax return?

How do you spend your income tax return? Do you pay off bills, travel, buy things for the kids?


Asked by bratgirln1 at 11:59 AM on Dec. 7, 2010 in Money & Work

Level 17 (3,554 Credits)
This question is closed.
Answers (24)
  • We used to. Now we are debt free and don't use credit cards. We also don't get much of a return anymore. We changed our exemptions so that we get back as little as possible and more money stays in the paycheck. But anything that we do get back will go towards paying down our mortgage because that's our last step in owing no one money.

    Answer by slw123 at 5:05 PM on Dec. 7, 2010

  • This is the last year we will have to use our taxes for bills!!!!!!

    THANK YOU DAVE!!!!!!!!!!!!

    Answer by pjacademy at 12:18 PM on Dec. 7, 2010

  • We've made sure that my husband has the correct amount of deductions, so we don't usually get much back if any. I'd rather not let the government use my money all year interest free!

    Answer by missanc at 12:00 PM on Dec. 7, 2010

  • We put everything we need to towards bills and then the rest goes into the bank. If we want to purchase something we talk it over and decide if it's worth it. If not, we continue to save the rest.

    Answer by JazzlikeMraz at 12:46 PM on Dec. 7, 2010

  • Ha ha my husband will not let the government have any of our money. So no tax refund here.

    Answer by mmmegan38 at 5:25 PM on Dec. 7, 2010

  • LOL "IF" we get anything back it would go to the bills.

    People who pay taxes have bills!

    People who do not pay into the tax found go shopping, they have no bills we pay for everything!!

    Answer by gammie at 12:05 PM on Dec. 7, 2010

  • We never getting a refund I was 21 last time I got one. Always owe. If I got a return would readjust how I paid in my quarterly payments so I wasn't paying in too much giving the Gov an interest free loan.


    Answer by Anonymous at 12:22 PM on Dec. 7, 2010

  • We pay our credit card bills off monthly. The tax return goes into the savings account.

    Answer by HotMama330 at 2:07 PM on Dec. 7, 2010

  • Yep we usually pay bills, the life insurance, stock up and maybe a little spurge and a date night

    Answer by rebeccadac at 2:13 PM on Dec. 7, 2010

  • We never carry a credit card balance, we usually just put any tax return into savings.

    Answer by tony1638 at 3:34 PM on Dec. 7, 2010