Tax refunds are actually BAD

If you’re getting money back from uncle sam, that mean you just let the government borrow your money for a whole year interest free. ¬†Instead, YOU could have been investing it and EARNING interest.

The link below takes you to a calculator that tells you how much you could have invested, saved, or paid down your debt.

So if you are getting a refund, consider adjusting your withholdings on your W2 to break even on your taxes.

How Much Did Your Tax Refund Cost You?
If you’re eligible for a tax refund, you’ve essentially given the government an interest-free loan. What if, over the course of the year, you’d saved that money, invested it in the S&P 500 or paid down credit card debt instead?

http://fivethirtyeight.com/datalab/dont-be-so-happy-about-that-tax-refund/

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