It's that time of year, TAX RETURN TIME!

[Mr. Flopnuts]

Originally Posted by Coach

Sounds like to me he doesn't withhold it much. Is he doing a single rate or a single or married, but withhold at a higher single rate?

He's single and files basic. What I mean by pays a few hundred dollars a year, is while everyone runs around with their 6 grand checks when they've paid usually no more than 2k tops into the system, he gets $70 and pays in $700.

So, since he doesn't have kids he gets to watch everyone that already makes 4 times what he makes run around and spend the money he put into the system that they didn't.

[Coach]

Originally Posted by Mr. Flopnuts

He's single and files basic. What I mean by pays a few hundred dollars a year, is while everyone runs around with their 6 grand checks when they've paid usually no more than 2k tops into the system, he gets $70 and pays in $700.

So, since he doesn't have kids he gets to watch everyone that already makes 4 times what he makes run around and spend the money he put into the system that they didn't.

Oh I understand that he was filing single and basic. What I was referring to was, if he can do his W-4 and withhold it at a single or married but withhold at a higher single rate, it will take a little bit more of his pay, but at the end, he would almost break even, if not, may get a small refund.

I typically go that route, and add in another $20 of extra withholding if I was single and no kids. Just my opinion.