Trace26
Well-Known Member
I always tell people if you're getting a big refund, you're doing it wrong.Great plan.
For those who get tips or overtime, you could theoretically ask Accounting to reduce your Fed withholding (w4) for the amount taxes on the OT/tips (presuming you make under the correct income, etc).
Theoretically, you retain those overpayments and put them in your own account vs floating Uncle Sam an interest free loan…check with IRS site for rules.