Here's meh tax refund!

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I need to put my CPA hat on and remind you that unless you are getting a crap load or refundable tax credits that refund was your money to begin with. A big refund is nothing more that a big interest free loan to the government.

That said I had a weird year and somehow managed to get said refundable tax credits. Stupid but I'll take the money
 
SkagitSmoke":feofdd2u said:
I need to put my CPA hat on and remind you that unless you are getting a crap load or refundable tax credits that refund was your money to begin with. A big refund is nothing more that a big interest free loan to the government.

That said I had a weird year and somehow managed to get said refundable tax credits. Stupid but I'll take the money
It's a refund because it is your money, but it's also money that I never include when I do my monthly budget because I always use the net return. It's like a self paid bonus but you're right in that it should still be treated like income.

We normally get a reasonably good return but year when we need it the most, we get nothing. Oh well, I still have tobacco to burn :)
 

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