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this is my fifth year in a row getting a thick tax refund you know tax refunds are a bad thing right how can getting money be bad because it means that you overpaid your taxes last year explain lets say based on your income last year you owe a total of 5k in taxes but since the tax result for your paycheck totaled 7k you get 2k of this paid back to you as your refund so my refund is really just extra money i lent to the government for free how can i fix this ask your employer for a w-4 so you can reduce the taxes taken out of each of your paychecks im so glad i follow nick