Refund Frenzy!!!

We all know that tax season is one of the most anticipated events of the year.  It seems to come just in time after all of the Christmas and New Year’s festivities.  Like most individual taxpayers, you are most likely expecting some sort of refund from the government after a year’s worth of “hard” work.

The income that you earn throughout the year comes with the expectation that you pay a certain amount of tax on those earned wages.  Yes, YOU HAVE TO PAY YOUR TAXES! However, your taxes should be paid paid either throughout the year, through witholdings, or estimated quarterly tax payments.An over payment of that expected tax liability throughout the year typically will result in a refund. A tax refund is the difference between taxes paid and taxes owed.  Each year (or each quarter, in some cases) a taxpayer submits a tax return that calculates his or her federal income taxes owed. The taxpayer then submits the tax return electronically or via mail, and the IRS reviews the information

As you approach the new tax year, consider adjusting your withholding so that throughout the year, you are able to see more of your earned income. This will enable you to have more disposable income throughout the year that you can either:


  • Rainy day fund
  • Family vacation
  • Down payment on new house or vehicle
  •  College tuition


  • Stocks & Bonds
  • Mutual Funds
  • IRA accounts
  • Annuities

Pay Down Debt

  • Credit cards
  • Student loans
  • Home & Auto loans
  • IRS related debt

… If that’s what you are into, of course!