“I got a refund, why isn’t that a good thing?”

There’s no denying the feel-good factor of getting cash back, but when that cash back comes in the form of an IRS refund, it isn’t always a good thing. For the 2016 tax year, the IRS issued over 60 million refunds, averaging out to $2,931. When you receive a refund, it is because you paid too much money throughout the year in the form of an interest-free loan to the IRS, instead of having that money to save or invest in interest bearing accounts. For ways on how you can put more money in your pockets throughout the year, contact our office at 253-851-3425.