Talking with Davis about Money Matters
Refund? Refund?
Is Your Tax Refund Too Big? What to do now that the IRS is finally giving you your money back
In the 1979 Academy-Award-winning movie Breaking Away, Dave Stohler’s father goes catatonic when his son offers a refund to a customer who wants to return a car to the family’s used-car lot. “Refund?!, Refund?!”, he screams (you can watch the clip here). These days, shouts about refunds tend to be for joy or relief rather than consternation. Of course, we’re talking about an entirely different type of refund. February is the month when early filers start getting their tax refunds. According to the IRS, the average tax refund in 2011 was about $3,000. For some, this is a good thing – like the $20 you sometimes find in the pocket of your winter coat after you pull it out of summer storage. For others, it’s the realization that they’…
In this Article:
Mike Helwet
9:48 am on Wednesday, February 15, 2012
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