That’s good news. Tax refunds are just interest-free loans to the government.
What were Jan ‘24’s Estimated Tax payments compared to Jan ‘23?
Shrinkflation hits the IRS!
Women and minorities hardest hit!!
I figured three months of the year I worked for the government, so I had them stop withholding taxes for 9 months. I got a $100 refund.
>Last year, Americans said they used their refunds to pad their savings, pay down debt, and pay for necessary household expenses<
One wouid think that spending that refund would help not hurt.
Oops, I forgot the gov. gets your a** in other ways. Illegals are now the governments concerns. Recycling Americans.
IT IS NOT A WINDFALL-—
IT IS A SERIOUS MISTAKE TO OVERPAY YOUR WITH HELD TAXES
IF THE IRS DECIDES TO DRAG THEIR FEET-—YOU COULD WEIGHT A VERY LONG TIME FOR YOUR “REFUND”.
IIRC-—THE IRS HAS NO RESTRICTIONS ON HOW LONG THEY CAN TAKE TO PROCESS YOUR TAX FORMS.
I’ve owed money back for about the last six years.
This year will be no different.
I’ll take the 5% interest on that money, thank you.