Whats a tax refund?
so it looks like a lot of people here actually abuse the tax withholding system as a means to save money and then blow it right away......seems strange. you can actually play a proactive role in your own finances and NOT allow them to withhold too much you know....
Tell you what, how about you guys send that money to me all year long, i will invest it for you, then give it back to you at zero interest. Hell, i could retire off of the interest and earnings made off your money all year and still give you back every dime once a year. the money you give me would go into a separate account where it is guaranteed to be there.
i use the tax withholding calculator on the IRS website, all it takes is 5 minutes and your latest paycheck stub, adjust withholdings accordingly, and put that money into a HSA and other accounts all year where it's available to me and making me money instead of sitting on a shelf unavailable all year with nothing to show for it
so it looks like a lot of people here actually abuse the tax withholding system as a means to save money and then blow it right away......seems strange. you can actually play a proactive role in your own finances and NOT allow them to withhold too much you know....
Tell you what, how about you guys send that money to me all year long, i will invest it for you, then give it back to you at zero interest. Hell, i could retire off of the interest and earnings made off your money all year and still give you back every dime once a year. the money you give me would go into a separate account where it is guaranteed to be there.
i use the tax withholding calculator on the IRS website, all it takes is 5 minutes and your latest paycheck stub, adjust withholdings accordingly, and put that money into a HSA and other accounts all year where it's available to me and making me money instead of sitting on a shelf unavailable all year with nothing to show for it
That's why I love being married to my wife who is a CPA, She knows the tax law enough so that we don't really pay through out the year and still get a good refund.
You know you could pay less throughout the year and have that "refund" earlier in the year. I don't know of any CPA that aims to have a refund, us CPA's are tightwads.
I love how people care about how others spend/withold their money.
I love how people care about how others spend/withold their money.