My pop, since he retired, has done a lot of volunteer work with AARP. From what he tells me of tax preperaion I beg to differ with all those that have commented before me in this thread.
When you are getting large refunds like this it indicates that you are witholding far too much from your pay check and you are giving the government a interest free loan and as a government employee we thank you for your loan however we in the government feel that it would be best if you not give us the loan. We would preferr if you have the extra dollars. What you need to do is go to your personel office an increase the number of exemptions that you have. This will cause the payroll office to take less out of your paycheck for taxes and put more dollars in your pocket rather than the government's pocket. While the interest rates that most banks are offering these days are pitiful if you are getting interest at all <lots of fustration> there is still a time value of dollars to you.
Again - we the US Government appreciate your interest free loan you are giving us but we would preferr that you not do that.
Kindle Kitten - please add two exemptions to your paycheck. Your company's personel department will take out less and your paycheck will go up and idealy you should get a refund of $0 each year.
Last edited by jbcohen; 02-17-2011 at 08:47 AM.
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