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re: Changing what I claim on W-4

Posted on 4/11/14 at 5:16 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37309 posts
Posted on 4/11/14 at 5:16 pm to
quote:

So just change W-4 to married, 0 dependents, and have $2223 held over the remaining checks. Is that in addition to what is already taken out?


Yup.

BUT.

Make sure you re-look at this again in 2015. If you go this route, you have to re-check it each year. Not a big deal, but just don't forget. You don't want to end up too off, high or low.

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?
This post was edited on 4/11/14 at 5:17 pm
Posted by TheWiz
Third World, LA
Member since Aug 2007
11695 posts
Posted on 4/11/14 at 5:29 pm to
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.
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