Tax Refund

Category: tax

Money returned to the taxpayer because they paid more in withholding/estimated taxes than they actually owed.

A refund isn't a bonus; it’s an interest-free loan you gave the government. While getting a big check is nice, the "perfect" tax situation is paying exactly what you owe and keeping the extra cash in your pocket all year to invest.

Common Examples

• The taxpayer received a significant tax refund due to the over-withholding of income taxes by their primary corporate employer.
• Our tax-planning advice focuses on optimizing your W-4 to minimize your tax refund and maximize your monthly take-home pay for investing.