re: What to do with your Tax Refund

Well shite I thought they stopped giving these out?

bullshite

Uh rims? What kind of question is this?!?

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No tax refund for me. Self employed. But I purposely put aside ~$2k more than I'll actually have to pay so I can pretend it's a refund when I'm really just transferring $2k of my own money back into my checking account I don't use it for anything, though. It just gets transferred into checking.

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Well, that's no different than letting the IRS hold it for free. That $2k should be making you 6% a year and be $2120 instead.

What's a tax refund?

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Well, that's no different than letting the IRS hold it for free. That $2k should be making you 6% a year and be $2120 instead.

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It is in a saving account. Where according to the history, it makes approximately 30 cents per month. Lol.

We stuck ours in our savings.

My wife and I are both employed and taxes are auto-deducted from our paychecks.

How are we supposed to anything about that?

FWIW, we got a big one this past year because I started grad school and we bought our first house (and she makes nurse money).

ETA:

And we paid down debt with it.

i have not got a refund since owing stock in our company but i declared head of household this year and got a nice refund back.

I gave a third of it to my woman to keep her happy even though she usually spends my money regardless!

then bought a new porch that is being finished now and will start\finish my front flowerbeds and create two more in the back yard on each side of the deck

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You tell them what to deduct when you start working there. You can have no income tax withheld from your W-2 job if you want to.

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Interesting.

I'd rather just not deal with it. I'll just consider that $100 I could make on savings account interest a payment for not having to deal with a tax bill at the end of the year.