Big refund? Big mistake!

Ah, April.  Everyone’s favorite time of year, am I right?  I mean, what American doesn’t want to pull out bunches of records and statements and devote several hours to filing taxes.  Thankfully, the sting of having to file has been lessened thanks to the advent of tax preparation software (we, for example, have been using the same one for 18 years), but it’s still a lot of work.

Add to that this thought:  you may have a bad strategy (or worse, no strategy) for your taxes.  For us, our old strategy seemed to work out fairly well for many years; we’d get our large refund, and all would be right with the world.  But is that the best way to handle your tax situation?  Was it the best way for us?  I would say no, and furthermore, I would say that getting those big refunds we used to get was a big mistake for us.

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