Jan 06
And, another guest post at the TurboTax Blog, this time asking the question, “How are you going to spend that tax refund?”The IRS tells us that last year’s average refund was just shy of $3000, so I offer a number of ways you might choose to spend this money, with choices from both the “naughty” and “nice” categories.
So, why not visit and let me know, how will you spend your refund this year?
Joe
January 6th, 2011 at 1:49 pm
What tax refund? As a reader of this blog, I tuned my W4 to have no return nor to owe anything.
January 6th, 2011 at 5:42 pm
Excellent. The full post at TurboTax does end with the suggestion that if you are getting this kind of refund, a W4 update is in line, with a link to the IRS site. Personally, I think it ideal to owe just enough to pay no penalty. That’s an interest free loan TO you instead of FROM you.
January 6th, 2011 at 8:58 pm
I’m dumping my entire tax refund on my student loan debt, to half it… and… maybe go out for dinner
January 6th, 2011 at 11:18 pm
Excellent! Great plan, enjoy that dinner.
January 8th, 2011 at 12:59 pm
I try to manage my withholding so between federal and state it comes close to zero refund. Why let the government use my money for free all year?