[JPG]

I've never understood the logic of getting a ‘tax refund’. Loaning the govt your money at 0% interest doesn't seem like a wise financial move.

Better to adjust your withholding so you zero-out at tax time, and put those funds to work by buying a conservative stock, or into an interest bearing account.

[kearnyirish2]

I agree; I usually end up owing a couple of hundred to either the fed or state, while the other offsets it with a refund. The government will step in if you owe too much, and make you adjust your withholdings.

[FR_addict]

“I've never understood the logic of getting a ‘tax refund’.”

I agree. the article is silly. They don't want to admit that those on Obamacare are going to pay higher taxes. By wording it the way they did, they figure they lessen the blow for those that consider refund money, to be money from the government rather than a loan to the government from our pockets.

Even if they are not making more, from what I understand the amount was an estimate so no telling what they will end up paying, or more likely what all of us will end up paying in higher taxes to pay for this boondoogle.

[Graybeard58]

I've never understood the logic of getting a ‘tax refund’. Loaning the govt your money at 0% interest doesn't seem like a wise financial move.

My wife and I adopted two children a couple years ago, never gave a thought to the income tax implications - until time to file. We got more than $5,000 tax refund. I immediately adjusted withholdings to reflect our new status.

[boomop1]

They get thousands in earned income, I pay every year, not a whole lot but I always owe. One member on my family got back 12,000 in earned income that’s what will probably change next year.