On Thu, 22 Apr 2021 11:07:21 -0400, Ralph Mowery
wrote:

In article ,
says...

I made it clear, I have investments and I have cash parked. Parking at
the IRS is as safe as parking it in a T bill and I am only giving up
0.04% with a whole lot less hassle. The bank isn't much better either.
I barely notice it missing nor do I see much when it comes back.



If you just want to park some cash it does not make much difference
where you park it. With most places under 1 % it takes lots of big
money to even notice it.

Probelm I see with parking it with the IRS is that you have to wait a
year to get it. A money market account would seem better to me as you
can get the cash when you want it.


That is why I compared it to a T bill.

I did well with the IRS this year. Got back about $ 650 from the feds
and paid about $ 550 to the state. As most of my money stays the same
from year to year except some stock I am playing with which does not
ammount to too much profit I can come out very well on the pay or
receive from the IRS.
The only unknow unknown is how much I take out of the IRA, but tax money
comes out of that at the ammount I tell them to take out.

My FIL is doing it exactly right according to your logic. He pays
about $50-70 a year and has for as far back as I looked (I did his
taxes this year and compared it to prior years as a sanity check).

Maybe I just like getting Sam to send me a check, even if it is my
money. It might just be a throwback to when I was poor.
I looked and the average refund is around $2300.
Other people must like it too.