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Johnny2X2X

(24,255 posts)
6. Stop loaning your government money
Wed Apr 8, 2026, 10:23 AM
11 hrs ago

The whole tax refund idea is just wrong headed. An interest free loan to the government is bad business. Adjust your withholding to get close to zero refund, you can put that money to better use throughout the year.

Recommendations

3 members have recommended this reply (displayed in chronological order):

You should take it to a food bank TheProle 11 hrs ago #1
I plan to do that... Septua 11 hrs ago #7
I'm sure they'll manage to scrape up the pennies they gave me in that bill bigtree 11 hrs ago #2
This year Rebl2 11 hrs ago #3
I fully understand your position. Septua 11 hrs ago #8
Well I Rebl2 5 hrs ago #14
Didn't change anything for me. I still owed. EdmondDantes_ 11 hrs ago #4
If you're 65 or older it probably due.. surfered 11 hrs ago #5
It is. Septua 11 hrs ago #9
Stop loaning your government money Johnny2X2X 11 hrs ago #6
I leave it as is... Septua 11 hrs ago #10
I leave myself a little buffer Johnny2X2X 11 hrs ago #12
You overpaid on your withholding so fortunately, none. BannonsLiver 11 hrs ago #11
My modus operandi gladium et scutum 9 hrs ago #13
Ours was about $1,000 more too Omaha Steve 4 hrs ago #15
Ours was $89. Tbs, our income was up about $60k as H started collecting his SS and mine went up to half of his. Raftergirl 3 hrs ago #16
My wife and I are on a fixed retirement income PCB66 3 hrs ago #17
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