Tax Season Math: Debt + Refund = Mistake

Do refunds force you to save, or do they rob you of hundreds of dollars?

U.S. federal tax return 1040 form.
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While the study pertained to refunds and not larger paychecks, the results may still indicate that many taxpayers' instincts are correct: that absent a refund, they really would spend the money if it were doled out in smaller increments. Which may signal that, when it comes to tax refunds, it's possible to be both rational and irrational at the same time.

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