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Financial Planning / Tax Strategies


Subject:  Re: Tax Bracket? Date:  12/17/2001  7:53 PM
Author:  joebedford Number:  56084 of 127549

I would have to respectfully disagree with the comment "you don't have to worry about it". You could be hit with an underwitholding penalty if you don't have enough withheld, and it can happen. (I know because it happened to me once, and my employer sure as heck didn't pay it.) Forewarned is forearmed. Plus, with a little planning you can get your situation pretty close to where you want it (as in small refund, small payment, larger payment, whatever). Pays to do a little homework, IMHO.

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