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?

Segments From this episode

Tax Bill 2017

The history — and psychology — behind the tax refund

by Marielle Segarra

Feb 20, 2019

When did taxpayers and industries start to rely on the refund?

A neon sign is seen in a window of a tax preparation office in Des Plaines, Illinois.

Tim Boyle/Getty Images

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Baseball sees a boost in players of all levels

by Kai Ryssdal and Bennett Purser

Feb 20, 2019

If you thought baseball was dead ... think again.

Cali Ann Kershaw throws out a ceremonial first pitch to her dad Clayton Kershaw #22 of the Los Angeles Dodgers as brother Charley Kershaw sits on the mound before the game against the Minnesota Twins at Dodger Stadium on July 26, 2017 in Los Angeles, California.

Harry How/Getty Images

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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?