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Tax Refund

5 Reasons Getting a Large Tax Refund is Bad

Published or updated January 20, 2015 by Glen Craig

Why getting a large tax refund is bad.

The stress of doing your taxes is over.

You filed all of your forms and to your joy you’re getting back a tax refund.  And it’s a nice sized one too!

It’s awesome, right?

Not so fast.

Getting a lump sum payout after filing your taxes feels great.  But I’m going to show you that it may not be as great as you think.  There are better ways you can use your money (and it is your money).

Read On as I Tell You 5 Reasons a Large Tax Refund is Bad.

[Read more…] about 5 Reasons Getting a Large Tax Refund is Bad

Filed Under: Taxes Tagged With: Money, planning, Tax Refund, Taxes, Tips

Do You Need to Adjust Your Tax Withholding?

Published or updated May 24, 2013 by Miranda

With yet another tax season under way, it is time to evaluate your tax withholding and determine whether or not you should adjust it. There are a number of reasons to consider changing your tax withholding:

Life Changes

Major life changes might mean a necessary change in your withholding.  Marriage, divorce, death of a dependent, and the birth of a child are all life changes that can result in a need to change the number of exemptions that you claim on your W-4.  This change will mean a difference in your withholdings.

You Ended Up with a Big Refund

[Read more…] about Do You Need to Adjust Your Tax Withholding?

Filed Under: Taxes Tagged With: adjust tax withholding, irs, online withholding calculator, Tax, Tax Refund, Withholding tax

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A Little About Me

Glen CraigI'm Glen Craig - I used to live paycheck-to-paycheck, drowning in credit card debt. I turned that all around and now I build wealth rather than debt.

My goal is to make personal finance easy for you.

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