6 Tax Myths Everyone Should Know

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The notion that large refunds are good is but one of the many enduring tax myths.

Don't you love a huge refund at income tax time? As it turns out, a big tax refund may make you feel good but it's not actually good for you. It means that way more than necessary was being withheld from your paycheck or, if you're self-employed, that your quarterly tax payments were much too large. The notion that large refunds are good is but one of the many enduring tax myths. Here are five others you should be familiar with.

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