re: How many of you get a big tax refund check?

Some get large tax refunds because they are required to pay quarterly estimated taxes based on the previous year’s tax liability. For those over $150,000 in income, you need to withhold 110% of the previous tax bill. For some retirees, a large part of their income is based on investments, specifically dividends and capital gains. A down year in the market can result in larger refunds because of the quarterly requirements by the IRS.