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Originally Posted by Cynthetiq
I file single 0 even though I am married and can claim more.
I'd rather get the larger refund at the end of the year than get the more paycheck each week.
but dammit... I looked at my last paystub and I paid more in taxes than I have ever in my lifetime that it was almost as much as my first corporate salary. I know I'll get some of that back, but still...
I wonder how many programs and social subsidies evaporate if they would be harder scrutinized if people had to pay the tax bill upfront... I know I would.
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I used to be in your boat until I realized something: You're basically giving your money to the govornment to hold onto, then they give it back to you at the end of year - interest free.
If you can live without the extra money week-to-week, you'd be better off taking that extra money you're giving the govornment and invest it in something that gives you 10% back.
If you take $40 a week and invest it, that's roughly $2000 a year. That's the average refund people get if they get a refund. If you take your refund one year, invest it, then change your witholding to balance you out so that your refund is smaller (say $200), then take that $40 a week and add it to that account, you'd walk away with another $100-$200 per year in interest.
Just a thought...