The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/btw-why-in-the-world-are-they-due-a-refund-worth-29829306.aspx

Subject:  Re: Married joint vs Married single Date:  2/6/2012  11:56 AM
Author:  legalwordwarrior Number:  114975 of 121592

BTW, why in the world are they due a refund worth worrying about? Someone needs to give them Phil's stern lecture about the foolishness of giving the government an interest-free loan, even if you get the money back in the end. Time to get busy adjusting those W-4's.

I think it's mainly because of the EIC that they're getting a large amount back. Their income has been pretty low this year, so I don't think they've paid in very much overall. Right now, they're just trying to hang on untl all the back child support has been paid. His income will increase by about $500/mth once that's been handled.

LWW
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us