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

Posted on 3/27/24 at 4:52 pm to
Posted by Big Scrub TX
Member since Dec 2013
33738 posts
Posted on 3/27/24 at 4:52 pm to
quote:

How many of you get a big tax refund check?
It always blows my mind when people get excited for their big tax refund for some large purchase. I can't fathom someone willingly giving extra money to the government to hang on to throughout the year just to ask for it back at the end.
I have so many K-1s to deal with, it's fairly hard for me to get it just right. However, I almost always err on the side of paying too little - e.g. I almost always never "pay safe" quarterly. I just assume the past year was my best year ever and was an outlier and thus I won't owe. In reality, I don't mind owing and even paying penalty interest because it's just not that much when compared with having the cash on my side until the very end. And now with risk-free paying 5.5% it REALLY doesn't matter.
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