I also wish they'd stop the rando exemption calculations and let us just put a percentage in. If you go back and look at old taxes, you can figure out an effective tax rate. Withholding that much means you're not giving Uncle Sugar a fat interest-free loan and maximizes what goes into your pocket.
I think you are fear mongering a bit. I would rather owe the government a bit instead of them having an interest free loan.
I wish I could upvote this a million times.
I also wish they'd stop the rando exemption calculations and let us just put a percentage in. If you go back and look at old taxes, you can figure out an effective tax rate. Withholding that much means you're not giving Uncle Sugar a fat interest-free loan and maximizes what goes into your pocket.
Yeah if anyone is even decent at math, youd change your exemptions and invest the extra from your check.
But if you absolutely cant save a dime to save you life, then claim 0, and get that big return at the end of the year.
You are right that having money now is more important to pay down debt, use for emergencies, or invest than waiting a year to receive it.
So the companies that passed on the tax savings to their employees dropped the ball?