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re: People who talk about “getting their taxes”

Posted on 2/23/20 at 4:35 pm to
Posted by HooDooWitch
TD Bronze member
Member since Sep 2009
10302 posts
Posted on 2/23/20 at 4:35 pm to
Your other option is to overpay them all year, let them earn interest on your money, and you get a check back months after the year ended.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35729 posts
Posted on 2/23/20 at 7:35 pm to
quote:

Your other option is to overpay them all year, let them earn interest on your money, and you get a check back months after the year ended.



There's a third option too. Calculate your withholding correctly and pay/receive little/nothing every year.

Pretty easy actually.
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 2/24/20 at 7:35 am to
quote:

Your other option is to overpay them all year, let them earn interest on your money, and you get a check back months after the year ended.


I choose this option. The 2% on $3,000 I would’ve earned in savings is worth sacrificing in order to hide that cash from my wife and know that I won’t have to cut a check at the end of the year.

Also I think $2,000 of that a child tax credit or something that isn’t withholdings. I guess I could factor that in.

This post was edited on 2/24/20 at 7:44 am
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