A tax refund means you loaned the government your money for a year. Adjust your W-4 to reduce withholding so you get $200 to $500 extra each month instead of a lump sum at tax time.
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So if you are getting a tax refund, the first thing that you want to do is figure out why are you getting a tax refund? Because believe it or not, you're not supposed to get a tax refund, meaning that when you're getting a tax refund, that means that you literally lent money to the federal government for a whole year. They made money off your money and then they paid you back at the end of the year. So ideally what you want to do is start reviewing your tax situation and seeing if there's opportunities for you to start getting that money throughout a year. So look how amazing it would be if you could get another $200, $300, $400, $500 a month every month instead of getting a larger check at the end of the year, right? So that's the first thing you want to do. Figure out why you're getting a tax refund and see what adjustments you can make so that you can get more money back every month so you can have your money actually growing for you instead of for somebody else. Okay.