- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Remember that changing the W-4 does not change your tax liability -- the amount the government takes from you over the year, after considering any payments, withholding and refunds. If you have more money withheld from each paycheck, you will get a larger refund but you will have less take-home money in each paycheck to spend on weekly or monthly expenses. A large refund is really just an interest-free loan to the IRS.
‎July 31, 2024
12:30 PM