@Dashrender said:

@JaredBusch said:

@travisdh1 said:

@Dashrender said:

@JaredBusch said:

My tax rate (counting healthcare) is something like 35% when I looked at my last paystub for 2015. Refund this will be about $3k because I forgot to change the amounts last fall like I generally do once I have paid in enough to cover my taxes.

That's weird - why would you pay in early? In fact, why not do the opposite, short them as much as possible, bank the cash and send them a check?

It's the world's worst savings plan! I've known people who used taxes like a savings account before, not such a great way to go about things. Personally I've got it to the point where it's as close to zero at tax time as possible (normally $40 or so either way.)

Because I forgot to adjust my W4 amounts last year. I normally do that about September once I have a solid grip on my expected tax for the year. I have long aimed for a ~$100 owe/refund amount.

If it wasn't for possible penalties, I'd pay zero all year and just write a check every year on April 15, get the interest myself.

Since April 15 is my birthday, feel free to write me a check too.