(January 6, 2019 at 7:28 pm)onlinebiker Wrote: If you' re worried about your tax refund - and ESPECIALLY if it' s because you are low income - you are doing it wrong.
You need to declare more exemptions - so you have to pay in by April 15th.
Do the math, dummy.
If you are getting a refund - you are providing the US Government with an interest free loan, for your earning year.
That' s right - that " refund" costs you money.
Better plan --- and financially sound as fuck --- put money aside every month - and collect the interest on it --- then pay in on April 15th......
Or, snivel about what the " convenience " of your forced " savings" of a refund costs you - when the government doesn't come through on time.... Hint - the government doesn't get penalized for late payment...
Ever hear of refundable tax credits, which many lower income families receive and can be substantial?
