Forums: Discussions for entrepreneurs and small business.

Carl,

Good luck on your new business!  You may find it time consuming, but it will also be rewarding.

As for your tax question, what you should really be comparing is the total taxes you are paying, not your refund.

Your total taxes will tell you exactly how much you paid in taxes this year and how much  you paid in taxes last year.

Your refund simply tells you how large of an interest free loan you gave the government this year vs. last year.  If your refund is less this year then last year you gave the IRS less of your money to use for free.  Thus, if your refund was less this year then last year, you did better this year.



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Gina L. Gwozdz, CPA
http://GLGcpa.com
http://TaxTreasures.com