Jul 27, 2017 · 1 min read
If you’re getting a large tax return, I’d see if you can adjust your withholding to get more money in your paycheck.
Most people like large tax returns because it feels like a bonus. Really, though, the government is refunding you for overpaying your taxes. You gave the government an interest-free loan for a year.
If you’re in debt, you’re better off not getting a tax return at all and instead getting slightly bigger paychecks throughout the year. Of course this only works if you apply the extra money directly to your debt instead of spending it, but it sounds like you have that sort of discipline.
