I was right not to apply my refund, right?

I was right not to apply my refund, right?
by ndtnguy (2024-04-17 20:46:51)

In reply to: Yup. In a world full of yield, never pay early. * posted by EricCartman

Total firm income was somehow lower last year, and because I paid the safe-harbor quarterly amounts, I wound up being owed a refund. But it looks like the IRS is paying over 7% on refunds, so it makes more sense to use money from my 4.9% savings account to pay the 1st quarter estimated taxes for this year than to apply the refund to it.

Did I miss something?

Replies:

If the IRS is paying 7%, then sure. - EricCartman 2024-04-18 09:11:17