Spending the Income Tax Refund lol

[Medical_Bartender]

This year hit me pretty hard as I owed about 9k due to some capital gains that I thought I might have been exempt from. But people getting thousands back.....that money could have been invested throughout the year and over time (years) the compound interest would be much more valuable than "new off-road lights".

It is nice getting a fat "paycheck" from Uncle Sam though. I get how people enjoy it.

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[Zachanadandy]

On top of filing HOH and 2 kids, I pay an extra $850/month to federal. Last couple years I’ve gotten back 8k+ and usually put it all on Jeep stuff. I made monthly payments to the IRS for 11 straight years, seems like karma is coming back to me.

Wifey got a 24 Willy’s Wrangler in Earl Grey 2 weeks ago, so she’s getting a 3.5” lift and 37s with our taxes, and I’m getting a trip to Moab in August. Win win.

You pay an extra $850/month at no interest just to get it all back? Sounds like the worst savings account ever.

 

[AustinL911]

You pay an extra $850/month at no interest just to get it all back? Sounds like the worst savings account ever.

I thought the same thing. At a minimum, put it in a HYSA. Screw giving the Govt an interest-free loan.

 

[Camaroboi13]

You pay an extra $850/month at no interest just to get it all back? Sounds like the worst savings account ever.

Cool!

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