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

Who To Vote For? Just Press Enter

The TaxProf has some pretty cool things on his blog sometimes. This time he's found a tool created by Ted Frank of American Enterprise Institute. Being a tool-lover (no snickers please), I immediately latched on to this.

Basically what it does is calculate the taxes you can expect to pay based on McCain or Obama's tax policy. You can download the tool here.

Nothing speaks to people more than dollars and cents, which is why this spreadsheet should have such wide appeal. However, I wish he had added Hillary in there. I'm guessing that Mr. Frank chose McCain and Obama since they seem to have the best chance of winning the nomination, but Hillary and Obama are still duking it out. It would've been nice to compare the Democrats against each other. But oh well...

Keep up the good work!
~The Good Tax Helper