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re: Changing what I claim on W-4
Posted on 4/11/14 at 5:29 pm to LSUFanHouston
Posted on 4/11/14 at 5:29 pm to LSUFanHouston
quote:
Now, are you disciplined enough to actually take the extra money each month and put it toward those loans? Or would you rather just send in an extra check each year to the loan company in the amount of your refund?
Solid question. I'll have to think on that one.
So that nets an extra $365'ish minus the $138. That's roughly an extra $450 a month. That might be worth it. I'll have to think about it.
1
Posted on 4/11/14 at 5:42 pm to TheWiz
quote:
So that nets an extra $365'ish minus the $138. That's roughly an extra $450 a month.
You might need to check your math. You said your overpayment with no changes projected to be $1,623. That's the total amount extra you should be getting between now and the end of the year. If you got 450/month for 8 months, that would be $3,600. If this change in withholding increases your takehome by $450/month, you are going to be in trouble come tax time.
$1623/8 months = $203/month
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