Will Texans be among the tax refund leaders again?

DALLAS — The other night I was up well past midnight engaging in a little spreadsheet review of IRS data. Do you know how lonely that made me feel? Then it got worse. I saw aThe report showed that in that one year, there were 22,324,670 tax refunds given in Texas totaling $43,499,670,000. You can see that in

, including failure to report all your sources of income. They warn that the IRS usually gets a copy of all the tax forms that you get. Don’t try to hide income. And don’t forget about income—the Turbo Tax report especially recommends you remember form 1099s and distributions from college savings accounts to pay tuition.

A lot of people have been doing that because CD interest rates have been relatively high. Side note: If you are thinking about a CD, here are some recent write-ups about rates, courtesy of, which has tax advantages. Because of that, you only get 60 days to put that into another tax-advantaged account or pay taxes and penalties on it.

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