We’ve said it again and again, but with tax season coming to an end, we feel it’s important to reiterate: A large refund check is actually not a good thing when it comes to your finances.
If you receive a large refund, that means you’re paying a lot more in taxes than you should be.
Learn more in the video report above.
More reading on this
- Psychology Today: Why do people like getting tax refunds?
- Investopedia: Explaining overwithholding
More tips: Money Minute section