General Discussion
In reply to the discussion: How did your tax return come out? I usually get back $3000. This year, I have to pay $2000. [View all]JayhawkSD
(3,163 posts)Less of your money is withheld, denied to you for your use all year, kept in the government's pocket without paying you interest, and somehow that is you being suckered?
You have more of your money to spend as you please all year, making it eacier to pay your bills for twelve months, and this is you being suckered?
And yet you don't have to pay any of that money back, because the amount of tax you paid was a bit less, and this is you being suckered?
If you were underwithheld to the point that, for the first time, you owe taxes then there is no interest or penalty for that. You had some of the government's money and don't have to pay interest for having had it and being able to use it, and this is you being suckered?
Perhaps you were suckered because you didn't look at your paycheck and notice how much was, or wasn't, being withheld? Perhaps you were suckered because you didn't read in the newspaper, or in about a zillion articles online, about the changes that were made to the tax laws?
It's being talked about because people did not become informed when the tax law changed, they did not become when the amount on their paychecks changed, and they are resisting becoming informed when their tax refund changes. "Oh, woe, it must mean that my taxes increased."
Who does that, by the way? The amount on their paycheck changes and they don't bother to find out why it did that.