David1961
Thinks s/he gets paid by the post
- Joined
- Jul 26, 2007
- Messages
- 1,085
I have been FIRED for almost 5 yrs and do a pretty thorough job of tracking my expenses. In my system, I consider taxes as an expense that I track like other expenses. This year, I am getting a tax refund so I guess I will handle this like a negative expense. Never have done that, but makes sense. If I owed the money, it would be an expense so shouldn't getting a refund be a negative expense? Are there any downsides of doing this that I havent thought about? Besides knowing that I have loaned Uncle Sam money for no interest, it's a good problem to have and should lower my withdrawal rate some this year.