|1.||redneck savings account|
The intentional act of having too much income tax witheld from your pay, in order to get a big fat refund check at filing time.
Done by stupid people who don't realize they're giving the government an interest free loan all year.
Billy Bob: Got mah tax refund today - six hunnert some bucks!
Melissa: Ahhhh, you cashed in your redneck savings account.
Billy Bob: Huhhh?