Wednesday, April 20, 2011

Dan Explains Tax Refunds

With the deadline passed for having your taxes filed, financial adviser Dan Danford answers this timely tax question about how tax refunds work:

"Some years I owe money to the IRS, some years I get money refunded, and the amounts always vary. Is there a way to get a consistent refund or have an idea on how much I will receive or owe? If you live on a tight budget it's difficult when you receive an unexpected and unknown expense, such as owing additional taxes."

Danford, MBA, CRSP, of Family Investment Center, says while the tax refund process is easy to understand, there are many complicated factors.

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