I’ve already started working on our taxes for 2016. I know, I know, I’m am over-achiever.
Usually, I have our taxes completed by mid-February, because I like to know as early as possible how much we’ll owe in April or if we’ll be getting a small amount back sooner.
My goal each year is to break-even or as close to as possible, though we have always owed additional to the state. We’ll know in a few weeks how successful we were for 2016.
Well, I don’t like to loan money to the federal government. Instead, I like to keep that money in my pocket all year and use it how we decide.
If you are getting back a big refund each year, they are using your money for an entire year before you get it back – for free. I’d rather keep that money to save, pay off debt, or invest. If you like getting a big refund here are some good uses for it. Continue reading…