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Discussion in 'All Other Discussions' started by Salty, Mar 29, 2014.
Click here for the IRS offical request
What's a refund?
I used my tax return to pay off a credit card (less than $200) that I then cancelled, and to buy a small freezer and fill it (almost) with food.
I will as soon as our accountant gets our tax forms back to us ...
All a refund means is that the government got to use your money interest free for a year.
Pretty much. Ideally, you want to have any refund or amount owed to be less than $100.
I'm in the same spot I'm usually in. I will owe the government money. But if I contribute to an IRA I will get a refund. So money goes into an IRA and I get a refund. By making a deposit into my IRA I'm "making" an instant 9% on the money.
High four figures. One self-employed, one employed long term by a hospital -- taxes don't bother us too much.