Quote:
Originally Posted by Moses
I approached it this way;
1. Comparing my earnings in 2017 to 2018 - My earnings were higher in 2018
2. Comparing my tax penalty for both Fed & state - My penalty was lower in 2018
3. Comparing tax returns - My return amount was lower this year
Net result - I kept more of my hard earned $$$$ during each pay period because I adjusted my with-holdings and overall made more $$/paid less taxes.
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Same here
Its amazing that people make statements without looking at all of the evidence in total and doing some arithmetic. According to my tax pro most all companies with held way too little, they gave you more every week than they should have. This year a little homework should help you avoid paying, adjust you withholding accordingly. The goal is to break even or as close too it as possible. Too many people use their returns as a savings account, stupid IMO You let the government borrow your hard earned money all year long, then get a chubby when they give you back the money you already earned.. You wouldn't bank at a bank that didn't give you interest over the course of a year would you?