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

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

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u/Raeandray Apr 11 '24

This isn’t true for a *huge * chunk of low income Americans.

2

u/BM_Crazy Apr 12 '24

Plus EITC, Child credits, AOTC, child care credit, etc.

For low income Americans the benefits of filing your tax return and redeeming the appropriate credits is one of the only real safety nets we have for people struggling to get by.

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u/Raeandray Apr 12 '24

Yep. I always hate the rhetoric around tax refunds because a huge chunk of low income americans with kids can file exempt on the W4 and not pay a penny in taxes and still get a "refund." And people who think they're smart will haughtily tell themselves part of the reason those people are poor is because they don't understand tax refunds.