FastSaying

People sometimes think of a tax refund as forced savings, yet, in reality, the taxpayer has provided a loan to the government without earning any interest. If a refund is substantial, check with the human resources department at work to adjust withholding to better match your tax liability.

Carol Young

ForcedLoanPeopleProvidedRealityRefundSavingsTaxTaxpayerThinkYet

Related Quotes

Use the waiting time after filing to plan how to use your tax refund to improve your financial situation.
— Carol Young
FilingFinancialImprove
Spend your tax refund. Because, really, you earned it.
— Dayana Yochim
EarnedRefundSpend
If a taxpayer files electronically, he'll get his refund almost as fast as he would with a RAL, and he'll often get it without paying any fees or interest.
— Gail Cunningham
AlmostElectronicallyFast
In some cases folks will think they need an SBA loan and they really need a FEMA grant.
— Carol Chastang
CasesFolksGrant
The RAL must be repaid even if the taxpayer's refund is denied, smaller than expected or frozen. If the taxpayer cannot pay back the RAL, the lender may send the account to a debt collector, which will likely show up on the taxpayer's credit report.
— Gail Cunningham
DeniedExpectedFrozen