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Author: CPA   Date: 2/9/2019 3:32:46 PM  +9/-0   Show Orig. Msg (this window) Or  In New Window

Your refund was lower because you didn't have as much withheld.  A refund is not an indication of how much actual taxes you paid or didn't pay, it's how much you overpaid.  And if you don't know how much you paid, then the refund amount means nothing to us.  If you get a $20,000 refund, you didn't necessarily pay less taxes nor have a great accountant, you're an idiot that overpaid a ton and let the government borrow your money for free.  Financially, the best plan and adjust through the year and when you file, get the smallest refund possible--that means you paid the gov the right amount, no more no less.  You don't miss out on the insterest you should be making by keeping your own money, and you don't owe them interest for oweing them money because of an underestimate.

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So much for +17/-32 the tax cut. 2/9/2019 11:50:55 AM