I just had to share this: Why you don’t want a big tax refund

why you dont want a big tax refund

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?

Photo Credit/Flickr user 401(K) 2012

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2 thoughts on “I just had to share this: Why you don’t want a big tax refund

  1. Yes, this is something that happens all across the world, it really is dodgy, deceptive although there are legal ways that it can and should be done..

    Keep up the posts Court 🙂

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