Large Tax Refunds Are NOT Good

Are you getting a LARGE tax refund this year? Are you smiling and celebrating?! Maybe you shouldn’t be if you knew how the tax code works.

Regularly receiving large refunds is not the way to win at taxes. Some people see it as a way to create a “forced” savings account. But there are better ways for to you to fund a vacation or an IRA contribution.

A large refund means you and your tax advisor likely did not develop a smart tax strategy for the year. One that makes sense for your specific circumstances.

Learn why the myth of a large tax refund is “good” is really a “bad” idea for people who want to make the best use of their hard-earned money. We also discuss ways you can fix this problem going forward.