The Motley Fool Discussion Boards
Financial Planning / Foolish 401(k)s
|Subject: Re: 401k and tax deductions||Date: 1/14/1999 3:35 PM|
|Author: Actuarystdtjk||Number: 616 of 25612|
Re: tax refunds after change in marital status
Thanks for your thoughts, they are definetly appreciated. But I wanted to clarify my position so you wouldn't think I'm acting foolishly (the bad kind of foolish)-
I kept my marital status as single on my paycheck so that my take home pay wouldn't change. I thought that if I kept that constant, and I did get a refund, I could be ahead of the game, in a sense. Of course, we did buy a house this year so now there are more variables at play and this will be different next year, but for the record I agree with those who say that it's better to have just a small refund- you don't owe any money out of pocket and your 'interest free loan to the govt' is kept to a minimum.
Thanks for the interest and the replies!
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|