Submitted by jayseaz t3_11egnlm in personalfinance
kylejack t1_jadxjba wrote
Reply to comment by jayseaz in Paying all income tax at the end of the year by jayseaz
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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