Originally Posted by
stdreb27
http:///forum/post/3257573
That is stupid, why let the government keep your money for a whole year for free?
Not as easy as it sounds. I get a refund every year now after having to pay $2,500 - $3,000 each year. That's because no matter how many times I've tried, my wife and I xcan't seem to get our exemptions set to where we can balance it as close to zero as possible. My salary fluctuates every year, as does her's (raises, bonuses, etc.) So I just said screw it and put both of our's to zero exemptions. What's stupid is the IRS can fine you for not taking out enough money for taxes (meaning if you owe over a certain percentage of taxes based on your income, there's a penalty that can be accessed), but there's no penalty that I know of if you get a big refund back. Think that goes back to your logic. If you owe too much, then that's money the IRS doesn't have in their piggy bank to use as they please, but if they owe you, it's free money to them because you let them borrow it. Win/win situation for the Feds.