Is it nobler to receive a refund or suffer the slings and arrows of your friends who got a refund when you didn’t? Read on!
You may be celebrating the receipt of a large tax refund this year. In fact, you may be bragging about it to a friend who earned a similar salary but barely broke even on their taxes this year. So who is better off? The individual who paid the lowest tax based on their personal situation by taking advantage of allowable deductions and tax credits is the real “winner” here. So just because you got a refund doesn’t mean that you paid the lowest tax you could have. Your financial advisor can counsel you accordingly. The fact is that refunds can be good for some people and, for others, they are not always the best use of their money. Read More→