The Bidens Made a Common Tax Mistake and You May Be Making It, Too

Democratic presidential nominee Joe Biden released his most recent tax return, for the 2018 tax year, and it said his family received a refund of $22,296. The fact the Bidens got so much money back means they gave the IRS an interest-free loan of all that cash while also tying up their money so they couldn't access it if they needed it. When the Bidens paid in that extra $22,296 to the IRS, they gave up the chance to do something else with the money (investing it, for example).