I'm not losing any money that way. My potential to gain money is only hindered (not really because I don't invest outside of my 401k/Roth). Besides the government needs it more.
While I don't like what you say, I will defend your right to say it.
My investments returned 16% last year. The money you loaned in January 2012, and based on a quick refund turn around, received as a refund in February 2013 was in my investments earning that 16%. You lost the ability to compound that money for over 13 months. I didn't.
I am in no hurry to file as I anticipate I will owe $$ this year - that's designed. If you're getting back a ton of cash you're giving the gov't an interest free loan - I'd much rather have that in my pocket over the course of a year, so I've tweaked our W4's to make the withholding and tax liability closer. I re-evaluate every October-ish just to make sure we're on track for the year (October such that there's still time to adjust a W4 that would make a difference)
Ditto. Last year we owed almost $7,000. I wasn't happy about paying it but at least I wasn't getting a refund.
This year we are getting back around $7k.
You say that like it's a good thing.
Some people need a sympathetic pat on the head ... with a hammer.
I bet. Alot of people probaby make purchases ahead of time based on how much and when they expect to get their refund. This throws a wrench in all that.
Yep...doesn't help that this is on an education credit form of all things. To majority of those affected (college students/their parents and older college students) the return was probably something they have been looking forward to for a long time...
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