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A comment on Why is the mouse cursor slightly tilted and not straight?. Parent comment

Re:Why is the mouse cursor slightly tilted and not straight? by minkzilla on Sunday February 04, 2024 @10:24AM (#39250892)
It is not a good thing because it is interest free and inflation exists. If you would have had that money earlier you could have put it in high yield saving account or payed down debt.
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Re:Why is the mouse cursor slightly tilted and not straight? by loeg on Sunday February 04, 2024 @10:27AM (#39250929)
It is not interest free. E.g., I was paid $480 in interest on overpayments last year.
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Re:Why is the mouse cursor slightly tilted and not straight? by dmoy on Sunday February 04, 2024 @11:50AM (#39251859)
It is interest free if the IRS pays you within N days of you filing. If they're slower, then they pay interest.

Where N is some value between like .... 30 and 90? I forget.

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Re:Why is the mouse cursor slightly tilted and not straight? by loeg on Sunday February 04, 2024 @01:52PM (#39253150)
There are a number of different overpayment interest regimes[1]. Mine was paid based on time elapsed from the time of overpayment (overpaid quarterly estimated taxes).

[1]: https://www.irs.gov/payments/interest#pay

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Re:Why is the mouse cursor slightly tilted and not straight? by bombcar on Monday February 05, 2024 @07:52AM (#39260724)
You pay tax on those overpayments.

But they only pay that if they don’t return it that year (for normal W-2 employees).

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Re:Why is the mouse cursor slightly tilted and not straight? by loeg on Monday February 05, 2024 @10:48AM (#39262365)
Yes, I got a 1099-INT from the IRS.
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Re:Why is the mouse cursor slightly tilted and not straight? by bombcar on Monday February 05, 2024 @02:41PM (#39266011)
In some cases (depending on your tax situation) other forms of bonds (municipal/state) may be better because of how or if they get taxed.
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Re:Why is the mouse cursor slightly tilted and not straight? by loeg on Friday February 09, 2024 @10:48AM (#39315992)
I did not deliberately overpay as an investment strategy :-).

Last time I looked, you needed to be in a higher tax bracket than I was to make Muni bonds worth it, in part because my state (WA) does not have income tax. Something like the 35% bracket.

And anyway, my investment strategy is not long bonds at this point in my life.

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