No. of Recommendations: 4
Suze Orman says about Tax Refunds:

A Refund is Not Found Money

If you're getting a refund, go to see the human resources person at work and ask him/her to adjust your withholding accordingly so that you no longer will get a refund. Remember, a tax refund is not a windfall; it is simply an interest-free loan to the federal government.

It is essential to understand the power money has to grow over time. If you continue to overpay your taxes, you are likely to be voluntarily donating tens of thousands of dollars to the IRS in interest. Stop this now.

The IRS has a great Web site to help you figure out exactly how many exemptions you should be using. Please use it and/or the aid of a good tax consultant or your human resources person to help you make this adjustment:

http://www.irs.gov/prod/ind_info/webw4/index.html

Cherry
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