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Hello, Fooldom!

I need some advice re: my w-4. here's the scoop:

single, no dependents. approx annual income is 53k. closed on my house in july, 99. 1st mortgage payment 9/1. no property taxes paid in '99, but paid in jan '00, and again in july '00.

i was able to itemize on my '99 1040 return, even with only 4 months of mortgage interest. so i got a refund (albeit a small one).

Expected itemized deductions for Y2000 appriximately 15k (mortg int, prop tax, state tax, mostly).

current w-4 allowance is 1. i went through the irs' exercise on the worksheets and came up with 5.

should i leave well enough alone, and look forward to a big, fat refund in Y2001? or change my allowances, and look for better ways to use the money?

also wondering what affect is if i make this change later in year instead of nearer start of year?

any insights are greatly appreciated! thank you
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