Did you get a tax refund this year?
Maybe you look forward to getting a tax refund every year. Maybe you pay off some credit cards with it, other times you take a little vacation, do a small home renovation project or make another large purchase.
It’s almost like a savings account, right? Or better, an annual bonus payment!
But then you have this know-it-alI friend at work that says you’re giving the government a free loan. Are they right?
Well, back when savings accounts were paying 5%, your friends had a point.