So after trying to adjust our exemptions correctly so we would come out even at tax time, I actually have a substantial return (3K). I know this is not ideal, as I could have made interest on it over the 2012 tax year. My questions are:
1) there is a tax refund thread on this board (albeit dated 2012). It seems many of you get large refunds- was this unavoidable? Planned? Hoped for? If so, why not have your money throughout the year and pay down debt or avoid the need to use credit, or even gain interest in savings? I meet so many people IRL who act like getting a return is free money, or winning the lottery. It is your money!
2) How can I avoid this in 2013. 3K comes out to about $115 per pay check, which we could really use! I think part of it was that we own a rental house and took a loss there. Is this type of thing predictable for 2013?
3) Should we still try to adjust our w/holding if we are hoping to sell the house eventually this year?
Looking forward to the replies!