[TXSTARFIRE]

That story is a good reason to never give the government a free loan by overpaying and getting a refund at the end of the year. You should always owe money on your taxes. Should be hard for someone to claim your refund if you need to pay in.

[78w72]

Originally Posted by TXSTARFIRE

That story is a good reason to never give the government a free loan by overpaying and getting a refund at the end of the year. You should always owe money on your taxes. Should be hard for someone to claim your refund if you need to pay in.

Lots of people actually like doing that, they dont care or understand the "free loan" part... all that matters is they get a big refund and think theyre rich for a week. And they dont have to pay another bill they can barely afford living paycheck to paycheck & in debt.

[ta6point6]

Originally Posted by TXSTARFIRE

You should always owe money on your taxes. .

Is that always true as well, I am getting tired of paying every year. I have a friend who also sells on ebay. He used to pay taxes every year until he opened up a SEP IRA and he said this will help with your AGI and reduce what he owes almost dollar for dollar. I guess the only downside is you have to wait till you retire to access those funds. I guess it all depends on how much you owe but better than paying to Uncle Sam. I am sure there are other retirement accounts out there that could also help out to reduce AGI.