Mackenzie Click-Mickelson
Chugging along the path of life
- Joined
- Oct 23, 2015
Still waiting on a few things-have about 3/4ths of it.
For me its not about getting the refund, although I do because of college credits, its about filing early to ward off potential identity theft. With all the hacks and people's social security numbers being stolen, I want to make sure to file early to lessen those odds!I guess I don't understand why people over withhold and get a refund every year. This year that could burn you big time with the potential government shutdown. The IRS would surely be effected and not process any returns.
I guess I don't understand why people over withhold and get a refund every year. This year that could burn you big time with the potential government shutdown. The IRS would surely be effected and not process any returns.
I guess I don't understand why people over withhold and get a refund every year. This year that could burn you big time with the potential government shutdown. The IRS would surely be effected and not process any returns.
Some people look on it as forced savings. They don't see it so they don't miss it.
We usually get a refund (less than $1000) each year, but this year because of DH's social security income we'll have to pay in. I'm not redoing any withholdings yet because I want to see what happens next year with the new tax plan.
Sometimes you can't get it perfectly right. I thought I had it about right but I'm getting a small federal refund. It actually surprised me. I thought I would owe about $200 but I'm actually getting something back.
Some people receive credits that give them above and beyond what they paid in so even if they have zero federal withdrawn from their paychecks they will still get a refund. EIC, Child tax credit, etc.
Because my DH’s income can fluctuate it’s hard to nail it just right. The couple of times he tried we ended up owing more than just a little bit. It’s disheartening to make a nice cushion in savings during higher pay times and then having to fork it over in leaner times so I don’t mind the government “borrowing” the modest amount we get back for a year.I guess I don't understand why people over withhold and get a refund every year. This year that could burn you big time with the potential government shutdown. The IRS would surely be effected and not process any returns.
I guess I don't understand why people over withhold and get a refund every year. This year that could burn you big time with the potential government shutdown. The IRS would surely be effected and not process any returns.
I do forced savings as well by having Fidelity take money out of my checking account every month. Why send it to the government who may not give it back to you in a timely manner. Also as someone else mentioned by giving it to the IRS you risk identity theft where someone can steal your savings.