Rod Meloni, Reporter, CFP ®
Tags:Money Minute, Taxes
We’ve said it again and again, but with tax season coming to an end, we feel it’s important to reiterate: A large refund check is actually not a good thing when it comes to your finances.
See Also
$35,000 income tax calculator 2024 - California - salary after taxCan I Claim a Boyfriend/Girlfriend as a Dependent on Income Taxes?You’ll Get the Biggest Tax Refund If You Live In This State (Hint: It’s in the West!)If you receive a large refund, that means you’re paying a lot more in taxes than you should be.
Learn more in the video report above.
More reading on this
Investopedia: Explaining overwithholding
More tips: Money Minute section
Copyright 2022 by WDIV ClickOnDetroit - All rights reserved.
About the Author
Rod Meloni
Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Planner™ Professional.
email
Recommended Videos
