Cut all refunds and put it towards the debt. I especially hate those that don’t pay taxes and get a check anyway. That equates to about 40 percent of the workers.
Americans making smaller interest free loans to the government.
> It’s NOT a refund..
Given the various credits for children and such, many people count on it as a large lump sum each year to put down on some necessity such as a running used car or large screen TV.
“It’s NOT a refund”
Correct.....it’s an intrest free loan to the fed gov.
Rush always said, if atcall possible, manage your withholdings so you owe the IRS $100 or less, or they owe you $100 or less.
Ditto. IT'S NOT A REFUND! You overpaid, and gave the government an interest-free loan for a year. STOP IT. My taxes are a nightmare because I pay quarterly. However, I still manage to keep it within a few hundred bucks one way or another at the end of the year. And, I try to set it up where I pay in a few hundred instead of loaning the government money for free for a year.
I want my over-payment to be as close to zero as possible.
Thank you! Educating the masses is such a losing proposition.
It's just getting change from the $100 bill you used to by $50 worth of groceries.
Only you get the change 6 months later.
ummm, why???
It is a good thing when people better estimate their tax liability and don't OVERPAY the gov't!!!
I work for a tax prep company. People come in all day to get the EIC and child credits. They have a measley W2 3 kids on Medicaid and walk out of here with 11,000 dollars after all their refundable credits With 0 tax liability. They also file head of household cause baby daddy skipped town.
Bingo.
The withholding tables are better at matching them to liability.