Episode Details

In this episode, Johnnie Roberts and Shelly Cioppa break down the truth behind tax refunds. While many people celebrate large refunds, Shelly explains that they often represent an interest-free loan to the government. The discussion explores when over-withholding can be helpful—especially for those who struggle to save—and when it may be smarter to keep more money throughout the year. They also highlight how adjusting withholdings and using refunds strategically can support better financial outcomes.