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Well, my tax refund is $1,000 more than last year... (Original Post) Septua 5 hrs ago OP
You should take it to a food bank TheProle 4 hrs ago #1
I plan to do that... Septua 4 hrs ago #7
I'm sure they'll manage to scrape up the pennies they gave me in that bill bigtree 4 hrs ago #2
This year Rebl2 4 hrs ago #3
I fully understand your position. Septua 4 hrs ago #8
Didn't change anything for me. I still owed. EdmondDantes_ 4 hrs ago #4
If you're 65 or older it probably due.. surfered 4 hrs ago #5
It is. Septua 4 hrs ago #9
Stop loaning your government money Johnny2X2X 4 hrs ago #6
I leave it as is... Septua 4 hrs ago #10
I leave myself a little buffer Johnny2X2X 4 hrs ago #12
You overpaid on your withholding so fortunately, none. BannonsLiver 4 hrs ago #11
My modus operandi gladium et scutum 2 hrs ago #13

bigtree

(94,338 posts)
2. I'm sure they'll manage to scrape up the pennies they gave me in that bill
Wed Apr 8, 2026, 10:19 AM
4 hrs ago

...and put them in their pocket, anyway.

Rebl2

(17,768 posts)
3. This year
Wed Apr 8, 2026, 10:21 AM
4 hrs ago

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 didn’t cover it all though.

Septua

(2,963 posts)
8. I fully understand your position.
Wed Apr 8, 2026, 10:42 AM
4 hrs ago

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.

surfered

(13,582 posts)
5. If you're 65 or older it probably due..
Wed Apr 8, 2026, 10:21 AM
4 hrs ago

..to that Big Beautiful Bill which gave seniors added an extra $6,000 each to the Standard Deduction.

Johnny2X2X

(24,254 posts)
6. Stop loaning your government money
Wed Apr 8, 2026, 10:23 AM
4 hrs ago

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)
10. I leave it as is...
Wed Apr 8, 2026, 10:46 AM
4 hrs ago

..otherwise I'd probably blow it. When I get a refund, I stick it in a savings account.

Johnny2X2X

(24,254 posts)
12. I leave myself a little buffer
Wed Apr 8, 2026, 11:01 AM
4 hrs ago

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.

gladium et scutum

(830 posts)
13. My modus operandi
Wed Apr 8, 2026, 12:17 PM
2 hrs ago

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.

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