Quote:
Originally Posted by Rusty
IMO getting a tax refund is the biggest waste of money that you will ever get.
You let the government use your money interest free just because you want a big refund..crazy.
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It’s really not crazy at all. You not talking about 10’s of thousands of dollars and with today’s interest rates you are losing an extremely minimal amount of interest especially when you consider it is amortized over every paycheck. Most do not have the disciple to save the 25-100 per week extra they are receiving in each paycheck and also do not want to risk owing 4/15. Many of my clients use it as a forced savings and when they receive their refunds they go on vacation, pay credit card bills or improve their homes.
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