According to The Motley Fool, "Many people figure that if they don't have the money to pay their taxes, there's no point in bothering to file their return. But if you don't file, the IRS will charge you much larger penalties than if you file but don't pay. Specifically, the penalty for not filing a return is 5% of the amount of tax due for every month that you're late in filing. But if you file and don't pay, the penalty is far smaller: just 0.5% of your outstanding tax bill for every month. In other words, if you file, you can save 90% on penalties even if you can't pay."
So, what about you, do you owe or does Uncle Sam owe you? If you got a refund, are you splurging or saving?