How much of a tax refund are you getting? - FirebirdV6.com/CamaroV6.com Message Board

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How much of a tax refund are you getting?

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  • #46
    Originally posted by mjparme:
    If you are getting a refund you have given the government an interest free loan.

    It is best to just claim enough deductions on your W-4 so you come out nearly even.

    Although if you like giving the government an interest free loan I guess that is your business...

    Does no one find it odd that if you have to pay in and you can't afford to pay it all at once they charge you interest, but they don't pay you interest when you have paid in too much and they give you a refund?

    A tax refund is NOT a good thing. That means you have paid in more than you need to. Do yourself a favor and claim enough to get that money in your check and then put it in a savings account, 401K, or something. Then at least you are gaining interest on your money.
    This is very true. But, if you are like me, which I hope no one here is, you do not have the option of getting a savings account, or something of that nature. My creditors find out I have money, I am up **** creek. This is why I have additionals taken out every week, on top of the normal taxes. I will always, ALWAYS get my additionals back, plus some. And, it comes at a time of year that I need it most.
    1995 Pontiac Firebird
    2008 Chevrolet Silverado LT Crew Cab 4x4

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