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Message
re: Claiming 1 vs Claiming 0 on taxes..
Posted on 8/25/16 at 12:08 pm to 3andOut
Posted on 8/25/16 at 12:08 pm to 3andOut
Why give uncle sam an interest free loan when you can take that money and put it to work for you?
Switch to 1, take the increase in take home pay and put it in a Barclays dream account that gets you a whopping 1.05% interest. It is clearly more beneficial for you than not. That is 1.05% you weren't getting before.
Here is a calculator you can use to estimate the change
LINK
quote:
My question is if I go from 0 to 1 will the weekly increase in my net be more beneficial than getting less back after taxes?
Switch to 1, take the increase in take home pay and put it in a Barclays dream account that gets you a whopping 1.05% interest. It is clearly more beneficial for you than not. That is 1.05% you weren't getting before.
Here is a calculator you can use to estimate the change
LINK
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