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Message
re: W4 Question
Posted on 3/18/16 at 10:34 am to Croacka
Posted on 3/18/16 at 10:34 am to Croacka
quote:
Eta: I was thrilled with my <500 refund
I used to want a big ole refund check but I've swung the other way now. I'd much rather be right around what I owe and have it through the year. I don't need to be giving the government an interest free loan all year.
1
Posted on 3/19/16 at 11:13 am to Brettesaurus Rex
quote:
I used to want a big ole refund check but I've swung the other way now.
I'm in the same boat. I just changed all my allocations to minimize my returns, hell I wouldn't even mind having to pay around $100 each just so I don't have to wait.
Check out pay check calculator
Input the current deductions for yourself and your wife separately, then annualized the Fed & State withholdings . It is not an exact science bc things can change form year-to-year (especially if you itemize), but you should be able to mess around with the figures enough here to maximize your paycheck and minimize your return
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