While you as a taxpayer would be better off to lower your withholdings rather than giving the government the equivalent of an interest free loan, many over-withhold as a forced “savings plan.” Others over-withhold out of sheer fear of the IRS. In recent years, the trend has shown that more than 70% of taxpayers are entitled to a tax refund.
So tax time may not be such a dreaded time of the year in your household after all. Don’t delay – get your return filed and look for the “check in the mail.”
Church of God Benefits Board, Inc. 