6 Tax Myths Everyone Should Know

AAA

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.

comments powered by Disqus
Related Articles
  1. Deferred Tax Asset
    Term

    Deferred Tax Asset

  2. Federal Tax Brackets
    Taxes

    Federal Tax Brackets

  3. What's the difference between a 401(k) and a Roth IRA?
    Retirement

    What's the difference between a 401(k) and a Roth IRA?

  4. Will I have to pay taxes on my 401(k) plan if I quit my job?
    Retirement

    Will I have to pay taxes on my 401(k) plan if I quit my job?

  5. Can real estate be depreciated?
    Taxes

    Can real estate be depreciated?

  6. After-Tax Balance Rules For Retirement Accounts
    Taxes

    After-Tax Balance Rules For Retirement Accounts

  7. Changes In Tax Legislation And Regulation
    Taxes

    Changes In Tax Legislation And Regulation

Trading Center