Tuesday, February 3, 2009

Getting A Large Tax Refund? Maybe You Should Have Less Tax Withheld.

Everyone always brags about how much money they get back at the end of the year. But did you know the best way to manage your money is to break even? Think about it... When you get a refund at the end of the year, it's because you gave the IRS too much of your money. And, by doing so, you've basically given them an interest free loan!

So, how do you know exactly how much to have withheld? Well, luckily the IRS.gov website has a handy dandy tax calculator for you.

Use it to compute your withholding for the coming year and stop loaning the government your hard-earned cash!

Further Reading

Tax Refunds

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