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You wrote "My goal is to owe the IRS less than $10 some year"

My goal is to pay them the least I can, the latest I can, without incurring
penalties. I would be very unhappy to get a large refund. I have no
interest in giving the IRS an interest free loan. Unlike most, when I have
to write the IRS a large check on 4/15, I am very happy, as long as I
know I won't be penalized. This means I had the use of my own money during
the year.

:>) Norm

With interest rates so low, the extra $5 I'd earn (at current MM rates) in interest for owing the IRS $1000 at the end of the year is not worth the potential for penalties (IMHO). Plus, with my company seeming to move us almost every year and DW being a contract employee, our withholding is all over the board ( $2300 refund one year, $1700 payment the next).

I'd like to pay no taxes and get an Earned Income Credit every year like my BIL's family does; however we would have to stop earning four times what his family makes.

Ways we use to reduce our taxes:

Flexible Spending Account
Dependent Care Account
10% to 401(k)
Student Loan Interest Deduction
new baby (it will reduce your taxes, but I don't recommend having one soley to reduce your taxes)
cheating (just kidding, for any IRS agents out there)

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