The government should allow taxpayers to credit their withholding tax payments through their paycheck when they are due a tax refund. This prevents refund checks from being stolen.
Benefit:
1.Decrease the amount refund checks issued which decreases the amount of stolen refund checks.
2.Taxpayers receive immediate financial relief via their paycheck from the tax refund credited against the week's withholding tax payment. Therefore, the taxpayer can receive an increased amount in his paycheck since the tax refund is credited towards that week's withholding tax payment.
The IRS withholding tax payment is $200 / week and the IRS owes the employee $100/ week. Employee's net pay withheld=$100
Paycheck is increased by $100 due to the tax refund credit.