Why Uncle Sam Is Keeping My Refund
After dozens of hours poring over paperwork and entering and double checking numbers, I finally filed our household's 2020 taxes this past week. My tax prep software tells me that it would take a whopping 774 pages to print out the entire packet including worksheets were I to do so. That same software also tells me that we're due a modest refund from the federal government.
While it'd be nice to have our money back, I don't expect to see a dime of it in 2021. Instead, I've asked the government to apply our 2020 overpayment toward our 2021 taxes. That's a request it'll certainly oblige, and it's why Uncle Sam is keeping my refund this year.
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Source Fool.com
