Fees 101: Exactly why you Cannot Overpay Fees

Fees 101: Exactly why you Cannot Overpay Fees

Jeffrey Levine, Master Planning Administrator, Buckingham Proper Wide range

Brand new income tax submitting 12 months is within full swing. With regards to the Internal revenue service, over 63 billion refunds have already been given worth over $204 mil (at the time of .

Because of so many refunds, it’s no wonder you to taxpayers tend to query: “Can it be far better are obligated to pay taxes, or is they better to rating a reimbursement?’. Jeffrey Levine, CPA and income tax expert to own Buckingham Proper Wide range says there is another option!

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Video Transcript:

Robert Powell: Thanks for visiting TheStreet’s tax tips having Jeffrey Levine from Buckingham Riches Lovers. Very a familiar question we get are, is-it far better underpay a person’s taxes and you may are obligated to pay the government currency or to overpay and provide the federal government an interest-totally free mortgage?

Jeffrey Levine: Are those my personal merely choices? Is that it? My personal choice is often in order to considerably underpay, so i possess a penalty otherwise overpay, therefore i has actually a huge refund. Think about I simply do good tax think, and that i pay about what I am designed to? And check, right here is the deal. Many people learn just as much as just what its tax bill usually getting every year. Read more