Tax Basics

W-4 form

Filling out a W-4 Form | H&R Block

February 25, 2016 : Mike and Lauren – Guest Contributors

It’s exciting to get a tax refund. And a lot of us get them. Last year, the IRS issued 109 million tax refunds, with the average amount being $2,797. 

But what if getting a refund actually signaled something bad? Unfortunately, for many taxpayers, getting a refund could mean that you are allowing the government to hold your money, interest-free over the course of the year. We talk about how to make sure you are having the right amount withheld from each paycheck, instead of overpaying starting with your W-4 form.

Why You Might Not Want A Tax Refund This Year

Read more about the W-4 form. And see how changing allowances and withholdings affects your taxes.

Mike and Lauren – Guest Contributors

Mike and Lauren – Guest Contributors

Mike & Lauren TV

Mike and Lauren began their YouTube career in 2008, when they went backpacking through Europe for 2 months, spending less than $10,000. They are determined to “retire” by Mike’s 31st birthday in 2018, documenting their journey and providing financial tips and tricks along the way.

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