This is a new one. The government usually wants you to overpay on your withholding.
Am I wrong on this? I thought that was simply giving them money to do things with it, and it isn’t in your pocket for a year to do your things with it. Is that right?
The government knows that people like to get checks instead of writing them, so it gets to earn the interest they should be earning on that excess w/h. Imagine the interest that is earned by millions of w/h overages.
Naw...For some people, it’s the only way they can save money...and they get it when they get their refund.,P>They don’t want you to overpay. Money is already budgeted...
No they don’t. It costs money to process refunds. They would like everyone to report that there is no tax “owed” on April 15th. That would make things so much better.
Bessant is all about juicing the economy.