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Reply to "How many deductions should we take?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not paying off your credit card, or having enough cash to cover an emergency car repair, are problems but those are the problems, not the fact of getting a refund.

Getting a refund or not doesn't really affect anyone's financial situation so it's hard to see how it's the "stupidest thing to do financially".
[/quote]

+1.  I can think of an untold number of more stupid things to do.  Penny wise pound foolish armchair investors aplenty

Besides, if its true that the refund is valuable for a liquidity crunch then the inverse is true as well: if you end up owing money, and you spent all your cash you would end up paying penalties, fees, wages garnered, etc.

[/quote]

No, the inverse is not true. Simply owing money doesn't mean paying penalties, fees, or having wages garnished.

Much better to owe the government $250 in April than to get a $2,500 refund. Especially if you have CC debt, which someone foolish enough to try to get a windfall from Uncle Sam likely does.[/quote]

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