General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWell, my tax refund is $1,000 more than last year...
I can't help but wonder how many kids missed a meal as a result of my personal monetary gain.
TheProle
(3,985 posts)Septua
(2,963 posts)bigtree
(94,338 posts)...and put them in their pocket, anyway.
Rebl2
(17,768 posts)is the first time in 41 years of marriage that we actually got money back from the federal government. You know what it went to help pay for? It helped to pay for my biologic drug I take that cost me $1965.44. The amount we got back didnt cover it all though.
Septua
(2,963 posts)And didn't Trump say he was going to reduce drug prices? My Wife and I are fortunate in not having some outrageously priced drugs.
EdmondDantes_
(1,830 posts)surfered
(13,582 posts)..to that Big Beautiful Bill which gave seniors added an extra $6,000 each to the Standard Deduction.
My Wife and I are > 65.
Johnny2X2X
(24,254 posts)The whole tax refund idea is just wrong headed. An interest free loan to the government is bad business. Adjust your withholding to get close to zero refund, you can put that money to better use throughout the year.
Septua
(2,963 posts)..otherwise I'd probably blow it. When I get a refund, I stick it in a savings account.
Johnny2X2X
(24,254 posts)But I do math, and have an auto transfer to my savings each paycheck, which then transfers to a HYSA once a month. So I am earning compound interest year round instead of the government using my money interest free. It's an extra $250+ a year for me.
But I realize some people have trouble saving because unforeseen bills pop up so this is not a valid option for many living paycheck to paycheck.
BannonsLiver
(20,640 posts)gladium et scutum
(830 posts)is to adjust my withholdings so that at the end of the tax year I owe them less than $100 or they owe me less than $100.