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Enough, over and above that, there's a change in the capital gains rate from 15% to 20% for the same people, but that is on top of the obamacare surcharge of 3.8%. withholding is going to be critical this year and you're going to have to make a lot of adjustments depending how you expect the year to play out. >> jamie: that's interesting, maybe you can learn something from last year, how much tax you owed based on your coincome. and when you get that w-4, maybe worth filing a new one, how much exemptions can you put down? >> it depends how much you actually owe the government or whether -- you...

Off debt and 42% said they would put some of the refund in their savings account and 13% say they are going to spend their refund on a big ticket item. almost 12% say they are using it on a vacation. but before you go out on a spending spree with your newfound cash, a few reasons why and how you should get a much smaller check next year. first, why don't you want a big refund? because it means you're paying too much in taxes. taxes that you don't owe with every single paycheck. so think about what you can do with that money every week. if you're paying too much in taxes, your, in effect, hands...

I thought after tax day we wouldn't be talking about returns anymore, but they're done hopefully. maybe you filed for an extension. maybe you're getting a big refund and excited about it. doug flynn joins me now. he said if you're excited about getting a tax refund, you are doing something very, very wrong. he's here. we're also joined by ryan mackey, president of optimum capital management. these two are going to tell you what you do if you've got a refund coming to you. doug, you feel that if you're getting a refund or you owe more than $1,000, you're doing something wrong. you're not withho...

Refund check addiction. all you have to do is adjust your w-4, and you could start receiving your money back by $250 each and every month, if you just make that small adjustments. why in the world are you addicted to that refund check when you're giving the irs in essence an interest-free loan. we've got to educate people, drew, about taxation issues so they can ultimately save more money and not live in constant fear of the irs. >> all right. roni, thanks again. and once again, the panic number is 1-800-829-1040, right? >> you bet. that is the panic number. but, again, take that deep breath a...

Check. adjust the wi w-4. santa claus doesn't live in washington. it wasn't just magically sent to you. it's because you had too much taken from the check in the first place. it's refund. you over-funded it. quit loaning to the money to the irs and get it back in april and think santa claus did you a favor. he doesn't live in d.c.. >> neil: adjust deductions and that sort of thing. a lot of people plan for that. you're right. it's really an interest free loan to the government in that respect. what do you advise they do going forward? those who say savings for me and that's why i do it. >> jus...