Tis the season for tax filing. I used to claim 0 exemptions on my W4 because I am single and have no children. I realized how stupid that was, and for the past 10 years or so have been satisfied claiming a much higher number. I still get a federal and state refund back, but the amount is not as large as it had been.
Check out this calculator:
http://www.kiplinger.com/tools/withholding/
The way I figured it, who better to INVEST my income than me? The additional amount of income I receive in my paycheck has been invested into savings vehicles chosen by me, and is no longer being "saved" for me by Uncle Sam INTEREST FREE.
Edited 1 time(s). Last edit at 02/27/2008 02:41PM by Tia2.