Submitted by jayseaz t3_11egnlm in personalfinance
jayseaz OP t1_jadx6p7 wrote
Reply to comment by Mysunsai in Paying all income tax at the end of the year by jayseaz
Interesting, good to know. I have always claimed 0 over the years.
kylejack t1_jadxjba wrote
One thing you can legitimately do is adjust your withholding so you get either a small or no refund, which will put more money in your pocket earlier.
rbnhd_f t1_jae3q9x wrote
Where “can legitimately do” = “if you are doing it correctly”.
kylejack t1_jae3zkj wrote
Everything should always be done correctly and not incorrectly, that much is true.
rbnhd_f t1_jae6wbj wrote
Haha, exactly! I just wanted to make it clear that this is not a secret tax hack or anything, this is the normal thing that almost anyone would save some $$ by doing.
kylejack t1_jae7apr wrote
Considering how often it comes up here and how often people are confused by it, it may as well be a secret to be discovered.
rbnhd_f t1_jae869v wrote
No kidding. Tax season, there are so many posts like “how can I possibly owe money, I can’t believe it, I got a giant refund last year”.
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