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re: Did our taxes this am and have to pay $1700
Posted on 3/23/15 at 3:42 pm to Jimbeaux28
Posted on 3/23/15 at 3:42 pm to Jimbeaux28
quote:
Why are you giving the government $1700 in interest free money?
I know its great to be getting money back but wouldn't you want to change your withholdings to get the money during the year where you can use it?
Oh noes, my bonus was bigger than expected in Q4 and I put it in an ira that reduced my tax liability. If only I had changed my withholdings for a month to ensure I had my money now not a few months from now.
The hassle of W4 changes with payroll easily out weighs 2-3 months of interest I would have gotten bro.
This post was edited on 3/23/15 at 3:44 pm
1
Posted on 3/23/15 at 5:52 pm to GenesChin
quote:
The hassle of W4 changes with payroll easily out weighs 2-3 months of interest I would have gotten bro.
Takes less than 2 minutes if your employer has an online W4 change option.
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