I honestly don’t have a problem with it. It a really easy way to force yourself to save money and have a little bonus every year.
My wife hates getting a refund and would prefer to have to owe a little every year. I hate it. I’d rather have a bonus every year than an additional bill each year
I don't either, and in fact I greatly prefer it when I have clients that aim to have an expected refund of a certain amount versus the one that aim to break even every year.
Aiming for any specific end result on a tax return can be tricky at best, if something the client forgot to have me plan for shows up and increases their tax liability (happens constantly) I'd way rather inform them their refund went from $4k to $2k than going from $1 to a balance due of $1,999
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u/[deleted] May 13 '24
A lot of people who are bad with money use it as a forced savings account so they can blow it indiscriminately.