One thing that irks me as an accountant is when people believe a good accountant will get you a bigger tax refund. My friends and some of their parents actually pick their accountant because he “gets them the biggest refund possible.” I was actually explaining this to my girlfriend the other day when she only get $10 back and her friend who made about the same income as her last year got back $600. It has nothing to do with the accountant and everything to do with the your withholding choice.
The Washington Post made a video which perfectly explains exactly why you don’t want a big tax refund.
Did you know you could adjust your withholding amount? If not, will you change your mind after seeing the video?