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Feb 20, 2019

Your tax refund isn’t free money

Americans got back more than $320 billion in tax refunds last year, and plenty of tax prep services would have you believe that’s a nice little bonus on top of your income. But it’s not. Today we explore the psychology of tax season and how it’s changed over time. But first: About those Fed minutes. Plus: Money is already pouring into the presidential race, but will there be any donations left by 2020?

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Americans got back more than $320 billion in tax refunds last year, and plenty of tax prep services would have you believe that’s a nice little bonus on top of your income. But it’s not. Today we explore the psychology of tax season and how it’s changed over time. But first: About those Fed minutes. Plus: Money is already pouring into the presidential race, but will there be any donations left by 2020?

The Team