2 Reasons You Don't Want a Tax Refund
Close to 75% of Americans get tax refunds from the IRS when they file their taxes each year. These refunds often total several thousand dollars, and can seem like free money. In reality, though, the big check you get from the IRS isn't a windfall. It's a return of the interest-free loan you made to the IRS -- and getting a big refund really isn't a good thing at all.
Instead of getting excited about your refund check this year, take the opportunity to adjust your withholding status with your employer so you don't pay in more than you owe in 2020. There are two big reasons why you don't want to get a refund, which will hopefully convince you to make a change going forward so the refund you get this year is the last one you'll ever receive.
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Source Fool.com
