Which is financially smart.
The same for those that don't let the government have their money to only give it back in a refund with no interest.
I pay to have my taxes done. For me the the charge is deductible and I don't have to do more than give the person the data. And they take on liability and will have to answer for any mistakes; which over 30 years have been small mistakes and very few of them; usually a missed deduction and they filed an amendment. I also don't pay quarterly estimated taxes, I pay a penalty that is only slightly more than the cost to pay someone to do and file the quarterly forms and I caulk it up as a cost of doing business.
The main reason people like a refund is because it is a forced savings plan because they don't have the discipline to save the money themselves, so they let the government do it for them at no interest and send them a refund, at government expense.
BTW, if I had my way... the state and federal income tax codes, along with present sales and property taxes, would be shredded and everyone (including businesses) buying anything but food to be cooked at home and up to $400 for clothing a month would pay a sales tax; no exemptions or exceptions. And we would be teaching children from about kindergarten how to manage personal finances.
Then what was the problem that you couldn't save the money in a savings account yourselves and earn interest on it and write the same check for a bit more money than just the no interest tax refund? You'd still have the "cushion" and if needed you could actualy get it, you can't get the "cushion" when the government has the money until they refund it to you. That's once a year and only after you file a tax return that then calls for a refund. I don't see a cushion that can be used until then.Well, I can only speak for myself and my husband because I don't know why others like or want a refund. But for us, we liked having a cushion so we don't owe, I still like that little bit of a cushion. We were and are very disciplined. Plus, we donated the money for twenty some years to St. Jude's hospital for kids.
Life comes at the uninformed and unprepared young adult much faster and stays around for a lot longer than a child that is taught proper money management at an early age.So, far as teaching kids about managing personal finances in Kindergarten, let them enjoy life alittle before we bestow upon them the real world. Give them a quarter or a buck and let them buy a treat with it. Life comes at ya all too fast as it is. Kids at that age need to be exactly that, kids.
The person/company I use charges me less than $225/yr although it may go over that this year. That's less than $25/month and she is an accountant and IRS certified or whatever they call it doing taxes etc, full time and has been for decades.You got to realize to Gary what you are paying is probably far more than what the govn makes off of an individual who gets a refund.
Then what was the problem that you couldn't save the money in a savings account yourselves and earn interest on it and write the same check for a bit more money than just the no interest tax refund? You'd still have the "cushion" and if needed you could actualy get it, you can't get the "cushion" when the government has the money until they refund it to you. That's once a year and only after you file a tax return that then calls for a refund. I don't see a cushion that can be used until then.
Life comes at the uninformed and unprepared young adult much faster and stays around for a lot longer than a child that is taught proper money management at an early age.
So exchange a few carefree make believe developmental years of no worries compared to a life of misery not managing money correctly for decades after childhood... I don't think that is a fair trade and actually it's cruel and should be called child abuse IMO.
It's the same as when a parent fails to discipline their children and allows them to grow up without them learning self discipline.
Usually today it is the vast majority of single mothers and their boyfriends or the husbands of an ex single mom going along to get along that are doing that by wanting to be friends with their kids (saying 'I don't want them to be upset"...). That prevents the kids from suffering any consequences of their immature financial or other decisions. Spoiled kids grow into spoiled adults with unrealistic attitudes.
The person/company I use charges me less than $225/yr although it may go over that this year. That's less than $25/month and she is an accountant and IRS certified or whatever they call it doing taxes etc, full time and has been for decades.
Then what was the problem that you couldn't save the money in a savings account yourselves and earn interest on it and write the same check for a bit more money than just the no interest tax refund? You'd still have the "cushion" and if needed you could actualy get it, you can't get the "cushion" when the government has the money until they refund it to you. That's once a year and only after you file a tax return that then calls for a refund. I don't see a cushion that can be used until then.
Life comes at the uninformed and unprepared young adult much faster and stays around for a lot longer than a child that is taught proper money management at an early age.
So exchange a few carefree make believe developmental years of no worries compared to a life of misery not managing money correctly for decades after childhood... I don't think that is a fair trade and actually it's cruel and should be called child abuse IMO.
It's the same as when a parent fails to discipline their children and allows them to grow up without them learning self discipline.
Usually today it is the vast majority of single mothers and their boyfriends or the husbands of an ex single mom going along to get along that are doing that by wanting to be friends with their kids (saying 'I don't want them to be upset"...). That prevents the kids from suffering any consequences of their immature financial or other decisions. Spoiled kids grow into spoiled adults with unrealistic attitudes.
Then what was the problem that you couldn't save the money in a savings account yourselves and earn interest on it and write the same check for a bit more money than just the no interest tax refund? You'd still have the "cushion" and if needed you could actualy get it, you can't get the "cushion" when the government has the money until they refund it to you. That's once a year and only after you file a tax return that then calls for a refund. I don't see a cushion that can be used until then.
Life comes at the uninformed and unprepared young adult much faster and stays around for a lot longer than a child that is taught proper money management at an early age.
So exchange a few carefree make believe developmental years of no worries compared to a life of misery not managing money correctly for decades after childhood... I don't think that is a fair trade and actually it's cruel and should be called child abuse IMO.
It's the same as when a parent fails to discipline their children and allows them to grow up without them learning self discipline.
Usually today it is the vast majority of single mothers and their boyfriends or the husbands of an ex single mom going along to get along that are doing that by wanting to be friends with their kids (saying 'I don't want them to be upset"...). That prevents the kids from suffering any consequences of their immature financial or other decisions. Spoiled kids grow into spoiled adults with unrealistic attitudes.
Is that the one I see on TV advertising it's free to go there and fill out and file your taxes?To anyone interested in the site I posted, it truly is a great site, it works well. That is all I posted, lol.
I'll have to watch the commercial, I didn't know it said it was an IRS site.Wow, Gary it is on the IRS website. I already did mine, and bought new shoes out of it.
Each to their own sweetheart.