Current Events > Holy crap that refund.

(+) Yeah! (+)

How do I have to empty my savings one year and then make no changes and get such a huge refund the next? Taxes make no sense.
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Oh shit thank you for reminding me. Im having my car serviced right now and was pissed it cost more than expected but I totally forgot I should have a refund on the way when I file. :D.
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You're actually better off having a balance due because your refund doesn't include interest on money that should have been yours from the start.
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This year I get hundreds back. Last year I owed a single dollar.

gguirao posted...

You're actually better off having a balance due because your refund doesn't include interest on money that should have been yours from the start.

Uhhh...no
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well you are giving them a free loan when you get a refund back. so that does suck.

but some credits you can only get when filing, you cant state them on your wage statement.

I usually come close to an even break.
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gguirao posted...

You're actually better off having a balance due because your refund doesn't include interest on money that should have been yours from the start.

Conventional wisdom says this. But it's a holdover from a time when you could get more than a quarter of a percent on a savings account.

But even if your reasoning is antiquated, it's still bad to get a refund as it means you've been living on less than you needed to.

I'm gonna redo my W-4 I guess but I dunno, with the way it's gone the last few years even if I leave it I might still owe $10k next year.
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DevsBro posted...

Conventional wisdom says this. But it's a holdover from a time when you could get more than a quarter of a percent on a savings account.

I get 1% interest on my savings account but you need to have at least $10,000 to get it
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