Many folks get excited about tax time for the sole purpose that they know they'll be receiving a big refund check.
But is getting a refund on your taxes really in your best interest, or is it just taking money out of your pocket?
Here are three reasons why it's a bad idea to get a tax refund, and how you can manage your paycheck deductions in a way that better serves your financial needs and wants.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
When you pay little in taxes but get back thousands of dollars in taxes that is the reason they get excited. We pay in a boat load but get very little back. We plan it that way. No use letting the government keep our money all year without paying any interest.
ReplyDeleteSocialism is a new way of sharing.
ReplyDeleteGetting a refund means you paid too much. I owe a couple hundred grand so refunds are a thing of the past for me.
ReplyDeleteWhen you live from day to day and week to week, it's a big deal to get a refund.
ReplyDeleteWhy celebrate govt. giving you back your own money which they've held for at least a year without you having access to it for any reason? & no interest aid on it. I tried my entire career to make the zero column on money owed. Didn't want to owe, didn't want to be owed. Alas, it's not possible!
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