I never owe or get more than $100 back from taxes. The whole idea of a refund is the biggest bunch of bullshit. All you are doing is getting money back that is already yours and the government doesn't pay you any interest on it. So, your money technically depreciates in the time between paying into the system and time when you get it back. You could have made more money by putting the money into a simple CD or money market account if you just transferred a given percentage of your paycheck into one of those instead of overpaying in taxes.