Suze Orman: If you get a tax refund, you're 'making one of the biggest mistakes out there'

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Suze Orman: If you get a tax refund, you're 'making one of the biggest mistakes out there'
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Suze Orman: If you get a tax refund, you're 'making one of the biggest mistakes out there' via CNBCMakeIt

As tax season continues, many Americans look forward to a hefty refund. But Suze Orman, financial expert and the best-selling author of "Women and Money," says getting that check from the government shouldn't be a reason to rejoice.

That's because a refund is an indication that you've basically given the government an interest-free loan. If you adjust the amount that's withheld from your income so less is taken out, you'll get a smaller refund, or no refund at all, but you'll see more money in each paycheck.

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