Did my taxes last night...that was through disappointment. Anybody get enough of a refund to actually buy something of value?
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Did my taxes last night...that was through disappointment. Anybody get enough of a refund to actually buy something of value?
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While it seems nice to get a tax refund, the reality is you're giving extra money to the government to use interest free until they give you your refund. A zero refund or even owing a little is best . I try to figure out withholding to keep the most in my pocket and the least in Uncle Sam's.
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I didn't pay any taxes last year and doubt I'll be paying any this year. My financial situation is very unusual (to say the least) and though I am extremely well off, my income is below the poverty line. And no, I don't sell drugs or launder money.
Bioguy, don't lament the meager refund. Just means the government didn't use your money interest free all year. Makes more sense to claim as few exemptions as possible on W-2 and have the bank automatically take out and hold your tax money every payday rather than the government. Pay the govts what you owe them at the end of the year and pocket the interest.
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