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jokerfriend6 t1_jeh4dtq wrote

Reply to comment by Mekaiyo in How to adjust W4 to take less taxes out? by Mekaiyo

No you don't. Its only for filing you have to be accurate. Its always best to get a refund vs pay. My Salary and income varies quite a bit. But increasing your dependent by 1 will help, and add or subract each year depending on how much you need to pay or get back. If you have not enough taken out you could get penalized. I always shoot to get back $1000.

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StuffinYrMuffinR t1_jeh50gc wrote

Oweing or refund come April 15th is more of a personal preference and circumstance.

Several of our clients basically ignore estimates and pay a fat check at the end of the year because they have such a high RoI that they come out ahead paying penalties and interests.

The average Joe should take your advice and aim for a refund under 1k

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