Quote:
Originally Posted by disneysteve
If you adjust your witholding, rather than getting that "big refund", you get more money in your paycheck every week that you can save up in an interest-bearing account for things like braces. Instead, you are choosing to let the government hold your money all year and pay you zero interest in return. Nobody said anything about buying on credit. Without the tax refund, you actually have more money, not less.
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That's exactly right. You're losing money by giving the government free use of your taxes.
I would adjust your taxes so that you owe just a little bit (maybe several hundred bucks) at the end of the tax year. Getting a big refund is a big no-no.