We know quite a few people who think this is a way to SAVE money for a vacation. Can I just tell you that you’d be so much better off taking the money and investing it, even in today’s economy, or paying off life-choking debt? Here a paragraph from an article you can click here to read for yourself.
Overpaying taxes: A big tax refund can be a source of much needed cash each year. But a tax refund is the result of having too much tax withheld from your paycheck, which gives the government an interest free loan with your money. Instead of letting the government hold on to your money for up to a year, adjust your withholdings so you can pocket your money now. The goal should be to match your withholdings as close as possible to your tax liability.