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Message
re: W4 Question
Posted on 3/17/16 at 6:21 pm to GenesChin
Posted on 3/17/16 at 6:21 pm to GenesChin
quote:
Say you missed on two exemptions to claim = $8000 in deductions. Given a likely 25% tax bracket, that is equal to $2000 in extra taxes. Even if you got 8% returns on that money, because it is a monthly overage, you would end up only losing on $100 in interest
What happens if you do that for 40 years?
1
Posted on 3/17/16 at 6:23 pm to Teddy Ruxpin
My sister was so proud of her 6200 dollar return
I couldn't convince her to give herself a 500/month "raise"
She likes it that way so I left it alone.
Eta: I was thrilled with my <500 refund
I couldn't convince her to give herself a 500/month "raise"
She likes it that way so I left it alone.
Eta: I was thrilled with my <500 refund
This post was edited on 3/17/16 at 6:24 pm
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