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Financial Planning / Tax Strategies


Subject:  Re: Water Cooler Talk Date:  1/26/2009  5:54 PM
Author:  wrjohnston91283 Number:  103996 of 127747

My girlfriends sister views a tax refund as tax free income. I was confused at first until she explained "I don't have to claim the refund I got in 2008 [for 2007 overpayment] on my 2008 taxes, so it's tax free".

However, my feeling is that a lot of these people who feel like a tax refund is "Free money" would not have the will power to save it over the course of the year. Their interest free loan to the government helps lower borrowing costs, so i'm fine with that.

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