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  1. Money Rehab with Nicole Lapin
  2. How to Stop Overpaying the IRS
How to Stop Overpaying the IRS

How to Stop Overpaying the IRS

Money Rehab with Nicole Lapin · Jan 9, 2026

Stop overpaying the IRS. Learn how tax brackets truly work, why big refunds are bad, and how to use credits to keep more of your money.

A Large Tax Refund Is an Interest-Free Loan to the Government, Not a Bonus

A significant tax refund indicates you have overpaid the IRS throughout the year. This excess money could have been invested or used for monthly expenses instead of sitting with the government earning you zero interest. The goal should be tax accuracy, not a large refund.

How to Stop Overpaying the IRS thumbnail

How to Stop Overpaying the IRS

Money Rehab with Nicole Lapin·a month ago

Earning a Raise Never Results in a Net Loss Due to Tax Brackets

Moving into a higher tax bracket does not mean your entire salary is taxed at that new rate. Only the income exceeding the previous bracket's threshold is taxed at the higher percentage. Therefore, earning more money always results in higher take-home pay.

How to Stop Overpaying the IRS thumbnail

How to Stop Overpaying the IRS

Money Rehab with Nicole Lapin·a month ago

Tax Credits Reduce Your Tax Bill Dollar-for-Dollar, Making Them More Powerful Than Deductions

A tax deduction lowers your taxable income, saving you an amount proportional to your tax bracket. In contrast, a tax credit directly subtracts from your final tax bill, offering a full dollar-for-dollar reduction. Prioritizing actions that yield credits provides a much larger financial benefit.

How to Stop Overpaying the IRS thumbnail

How to Stop Overpaying the IRS

Money Rehab with Nicole Lapin·a month ago