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Your Take: What Are You Doing With Your Tax Refund?

Posted By Jim On 05/11/2012 @ 7:15 am In Your Take | 18 Comments

Now that we’re a couple weeks removed from tax day [3], with most folks having received their tax refunds [4], the most logical Your Take would be – what are you doing with your tax refund? Is it something good and responsible? Or something fun? Or a little of both?

I haven’t gotten a tax refund in a while because when you run a business, you typically make quarterly estimated tax payments which, if you do the math right, net out to zero. Any overpayment or underpayment you apply to estimated payments. It makes for some boring tax day celebrations! That said, when I did get tax returns, I always tried to minimize them by adjusting my withholding [5] and then doing something fun when my math was off.

What did you do with yours? (if you had one!)

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[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/what-did-you-do-with-tax-refund.html

[3] tax day: http://www.bargaineering.com/articles/taxes-due-april-17-2012.html

[4] tax refunds: http://www.bargaineering.com/articles/average-tax-refund.html

[5] adjusting my withholding: http://www.bargaineering.com/articles/how-to-adjust-your-tax-withholding.html

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