Tax Refunds

Why does it seem that many people are excited to get tax refunds? H&R Block is advertising a double your refund back giveaway implying that their customers get tax refunds. If someone gets a tax refund, it means they paid the government too much tax. The government got to use that money instead of the individual using it. While the amount of interest on most people’s refund doesn’t amount to much, it is the principal that matters. I haven’t gotten a refund in years and I like it that way. The goal is to pay as close to possible as the actual tax bill as possible without going over. People shouldn’t be excited about refunds.

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