Thread: Thanks Barry.
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Old 01-30-2013, 10:49   #25
Dennis in MA
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Join Date: Aug 2001
Location: Taunton, MA
Posts: 53,834
Quote:
Originally Posted by John_NJ View Post
You are smart to break even on your tax bill. Why give the government a free loan each year?


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Depends. At a 6% CD rate and a 5% savings acct rate (remember those days?) I'd agree with you.

At 0.25% rate, $5K in a refund means $6.25 in "lost interest." It may not be worth the while.

(FWIW - I almost ALWAYS owe.)
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