Originally Posted by Buck
Well I got $900 back today ($570 Federal / $330 State)
I had 1 witholding for my Federal and 0 for state, and I've only been working since March 1st.
Also, my Federal was going to be $850 on its own just based on my W-2 from work, but in Jan 2012, I had nearly $1200 paid to me in unemployment compensation with no federal tax withheld on it so it brought me down to $570.
Anyhow, what is the best strategy for me to take the $37.50 a paycheck (every two weeks) extra that I was paying (possibly more, not sure based on the unemployment skewing things, might be more like $50 or more) as taxes and put it into some account where it will grow?
Not sure if my best option is to just put it in a savings account or what.
Do you have any sort of retirement account?