New blog article: How to Make the Most of Your Tax Refund

[Elizabeth_FICO]

Hello everyone! If there's a new blog article that I think you guys might like I plan on posting it in the Forums.

This week's article is: How to Make the Most of Your Tax Refund

Let me know what you think about the article.

For more content don't forget to check out our blog.

[CorpCrMgr1]

Taxes should be close to pay nothing and receive no refund. A tax refund that gives the taxpayer no interest after having your money for months is the worst way to save money.

[ptatohed]

Corp is right.  If you are getting a large refund, you are doing it wrong.  Ideally you'll want to keep your money all year long and then owe close to nothing or even owe a little bit.  

But I couldn't get past the second sentence of the second paragraph...... how can one save more than they earn?  :scratchhead:

[FicoMike0]

I'm planning on taking the dw out to Texas roadhouse on it.  She may have to pick up the tip.

[markbeiser]

A tax refund is short for "I loaned the IRS money all year, and now they are paying me back with no interest!"

[CorpCrMgr1]

@ptatohed  good eye on the second paragraph.

[MarkintheHV]

What's a tax refund?  Haven't seen one of those in years 

[GhostCredit]

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@CorpCrMgr1 wrote:

Taxes should be close to pay nothing and receive no refund. A tax refund that gives the taxpayer no interest after having your money for months is the worst way to save money.

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I heard this before, beat the bush said this but idk how since im a single guy, work min. wage job, no dependent. with the IRS tax change every year its hard to keep up and what used to work doesn't work anymore. i used to have 2 jobs and claim 2 and didn't pay much taxes at all. but now, i only have 1 job - part time. and i recently just got a refund. how do I do it again then?

[ptatohed]

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@GhostCredit wrote:

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@CorpCrMgr1 wrote:

Taxes should be close to pay nothing and receive no refund. A tax refund that gives the taxpayer no interest after having your money for months is the worst way to save money.

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I heard this before, beat the bush said this but idk how since im a single guy, work min. wage job, no dependent. with the IRS tax change every year its hard to keep up and what used to work doesn't work anymore. i used to have 2 jobs and claim 2 and didn't pay much taxes at all. but now, i only have 1 job - part time. and i recently just got a refund. how do I do it again then?

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Try this IRS Tax Withholding Calculator.

https://www.irs.gov/individuals/tax-withholding-estimator