Tax refunds: the smaller, the better

A nonprofit group says a big income tax refund isn’t necessarily a good thing.

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This season, Oregonians are receiving an average state income tax refund of $665 and a federal average of $2,600.

But the National Endowment for Financial Education says it’s best to avoid getting a big refund.

If you get a big refund, it’s because you had too much withheld from your paychecks last year.

“That means the federal government got an interest-free loan courtesy of you,” the nonprofit said. “While you had to get by on smaller-than-necessary paychecks throughout the year.”

Read the full story at The Register-Guard.

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