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I was owed a refund on both state and federal returns for 2011. I just rolled it over for 2012, making my payments zero for this year. Given that the yield on a MM is so low (almost zero), I don't see any harm in letting the IRS have my money a little sooner. If I was losing something, I wouldn't do it, but with the Fed's actions, MM rates are lower than spit.
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