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Financial Planning / Tax Strategies


Subject:  Re: Married joint vs Married single Date:  2/6/2012  11:56 AM
Author:  legalwordwarrior Number:  114975 of 127747

BTW, why in the world are they due a refund worth worrying about? Someone needs to give them Phil's stern lecture about the foolishness of giving the government an interest-free loan, even if you get the money back in the end. Time to get busy adjusting those W-4's.

I think it's mainly because of the EIC that they're getting a large amount back. Their income has been pretty low this year, so I don't think they've paid in very much overall. Right now, they're just trying to hang on untl all the back child support has been paid. His income will increase by about $500/mth once that's been handled.

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