How many of you get a big tax refund check?

Guess I won't go out to a nice dinner on all that interest I missed out on.

I should have screwed with my W-4, probably gotten it wrong, and cut a $7,000 check instead. And when my (3) K-1 investments start generating money over the next two years, that's an absolute mind-F trying to figure out owed taxes on that.

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Guess I won't go out to a nice dinner on all that interest I missed out on.

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Mine isn't a financial gain argument, more of a frick the government argument. But if you'd like to give me 20,000 throughout the year that I give back to you at the end I'm happy to set up the arrangement.

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more of a frick the government argument.

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Yeah, I get that. As a family with two HCEs, several K-1 investments that I owe / will owe random amounts of taxes, and some 1099 consulting on the side. I prefer to go single & 0 for our W-2 work. From there, the K-1 investments and 1099 work can eat into that number I would get as a refund.

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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.

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Some people have more complicated financial situations than you

It’s forced savings and those receiving large refunds likely would not have saved the money throughout the year. They would be unable to get this large purchase.

The interest earned is nominal and would be taxed at the ordinary rate, so how much do you think they are leaving on the table? You are talking. About a $200 gain on $10k if you have it in a money market. At the ordinary rate, it’s a probably around a whopping $150 they are leaving on the table for a $10k refund. Very few people have anything close to that large of a refund, so it is typically much lower.

There seems to be irrational anger or looking down on those people. It’s their money. If it makes them happy then why should I rain on their parade.

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There seems to be irrational anger or looking down on those people. It’s their money. If it makes them happy then why should I rain on their parade.

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I wouldn’t say it their face, but it does annoy me how financially illiterate Americans are. Personal finance should be taught every year of high school, but it’s not and here we are as a nation. I don’t blame the individual, I know it’s more of a system problem.

I will be paying the government, as usual, in October. Being part owner of a business comes with it's headaches.

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Please spare me the “Muh interest free loan” drivel.

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I’d rather get a refund than owe.

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f that.

MUH INTEREST FREE LOAN

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How many of you get a big tax refund check?

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Not sure what you consider a big refund check. Mine will be about $4k this year (not a big refund in my mind), but I've certainly had larger ones in some prior years.

I shoot for breakeven, but there's too many fluctuations on some of my tax stuff to hit it with certainty ahead of time.

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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.

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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.