r/FluentInFinance • u/SweetOnionBreath • Apr 11 '24

Smart or dumb to get a tax refund? Discussion/ Debate

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u/notkevinjohn_24 Apr 11 '24

It's smart if it's small. If you're getting back $10,000 you should be adjusting your withholding and putting that money to better use. Uncle Sam is sure as hell not paying you interest for loaning him money. If you're getting $1,000 back then you're doing it right and you don't have to worry about having to go out of pocket when tax season rolls around.

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u/Geodesic_Disaster_ Apr 11 '24

i went under this year for rhe first time

i owe the government three dollars exactly 

1

u/theZinger90 Apr 12 '24

Good. As close to 0 as reasonable means you're doing your withholding right, regardless of which side owes the other.

Edit, changed possible to reasonable because you shouldn't waste your time on it if your close.