re: How are you planning on blowing your tax refund?

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IRS doesn't like me....it owes me quite a bit....

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You're their favorite customer bro.

I'm paying this year.

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First of all, anything non zero is better than zero,

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Okay, enjoy that extra 50 cents. Don't spend it all in one place.

And let's face it, very few are going to save that money and will just spend it throughout the year. What's wrong with planning on a nice refund every year to fund a trip, home improvement, pay off Christmas credit card, etc. Or even taking that big refund and investing all of it. The gains on that would far outpace the gains made throughout the year with the extra money on each paycheck. Plus, it may not actually be a "loan" if the refund is the result of tax credits.


If you prefer paying or trying to get your return to $0(what I try to do) every year, more power to you. But save the sanctimonious "interest free loan to the government" BS.

I'm the extreme of this but your right, most would have pissed through it throughout the year anyway. And had they stuck it in the bank they would have made enough in interest for what? A couple of pizzas?

And it's not like they get the refund at the beginning of the year to do with what they wish. It's spread out over the year in their paychecks.

So a $3,000 refund spread out over 26 paychecks is $115 per paycheck. A nice amount, but hardly enough to make huge gains by saving in an interest bearing account.

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What's wrong with planning on a nice refund every year to fund a trip, home improvement, pay off Christmas credit card, etc. Or even taking that big refund and investing all of it. The gains on that would far outpace the gains made throughout the year with the extra money on each paycheck

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Nothing's "wrong" with it, but you're comparing apples (the gains made after depositing your refund) to oranges (the gains made before you ever even get your refund).