Tax Refund or Tax Bill: Which is Better?

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Keep more of these in your pocket and account.

While it is always nice to get a tax refund after you file your federal taxes in the spring, what you are getting back is actually your own money. Some people prefer to pay more taxes than necessary during the year so that they get a sizeable refund, and others like to keep as much money in their paychecks as possible during the year. It can be a challenging balance in deciding how much to withhold in deductions when you fill out tax forms for your employment. Continue reading