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    3 Reasons Why You Don’t Want a Big Tax Refund

    3 Reasons Why You Don’t Want a Big Tax Refund

    . The majority of taxpayers end up getting a refund, after all. But before you release the balloons and throw the confetti, it might interest you to know that a giant refund isn’t cause for celebration. (What’s that, you say? Why wouldn’t I want a pile of cash with my name on it?)

    Read on to find out why, what you could be doing with the money instead, and why you might want to prevent yourself from getting a refund next year.

    WHY YOU DON’T WANT A BIG TAX REFUND

    The simple reason you don’t want a refund is that getting one means that you’ve just loaned the U.S. government your money — without making interest on the loan.

    It’s not the smartest financial plan, especially if you’re lugging around credit card debt, student loans or a negative balance of any kind.