With the tax deadline upon us, Tax Refund Windfall Syndrome is back in full force! While this year’s average tax refund is down slightly compared to last year, it is still in the $2,800+ range. You won’t be getting a pat on the back from me for receiving a tax refund. Tax refunds, after all, are interest-free loans to the U.S. government that typically can be attributed to taxpayers being too conservative with their withholding tax allowances. If you have received (or will be) a sizable refund, the good news is that you’ve effectively survived the prior year without that...
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[Read the rest of the story at 20somethingfinance.com]