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re: New Job- Dependent Question
Posted on 2/11/13 at 2:23 pm to dallastiger55
Posted on 2/11/13 at 2:23 pm to dallastiger55
no. Put 3 and get a little more money back each pay check. If you owe at the end of the year decrease the allowances to 2. Basically you want to be as close to $0 for federal returns as possible.
But if you like the big check at the end (I understand, kind of like a yearly bonus) leave it as is
But if you like the big check at the end (I understand, kind of like a yearly bonus) leave it as is
Posted on 2/11/13 at 2:59 pm to trident
quote:
But if you like the big check at the end (I understand, kind of like a yearly bonus) leave it as is
There's another option - a better option - get the March "refund" numbers as close to zero as possible (heck, I'd almost prefer to pay $50 to $100), then put $20 to $50 per paycheck into a Christmas Club, or some other forced savings - get into that habit, eventually, your money will work for you. Increase it to $100, $200 or more per paycheck and you'll wonder why you ever let Uncle Sam hold your money interest free.
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