re: Tax board: official, how much you gettin back thread?

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That's not always the case. We put $2500 into a money market fund every month, I max out my 401k, we max out our IRAs, pay $1,000/month into student loan debts, plus the normal stuff like mortgages etc... That being said, I have $10s of thousands of dollars tied up in some K-1 investments that are going to start paying out in the next few years, if they don't already this year. So as of right now, I have no way to estimate those.

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I never implied that a refund = terrible with money for everyone. There are times where something unpredictable happens, but that isn't the case for most people who religiously get money back every year from withholding too much on their W-4.

I get back money from my LA return every year because, according to the disclosures on the L-4, it is against the law to put more exemptions/dependents than you actually have on lines 6 and 7. I could make an adjustment on Line 8, but my pay fluctuates greatly during the year so it is incredibly difficult to peg it down, so I just leave it as is.

However, federal income taxes and W-4s are much easier to predict and manipulate and I try to get it within a few hundred bucks each year.