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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121327  
Subject: Re: Adjusting my Witholdings: Help! Date: 2/1/2001 4:41 PM
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So how do I do this so my refund is smaller next year?

You go through the worksheet on the W-4. You're getting such a large refund because you're not taking into account your itemized deductions, the child care credit, and the child tax credit. The additional allowances that the worksheet will lead you to will reduce your refund to a reasonable amount or leave you with a small balance due.

I'm told there are also online W-4 calculators at www.edcosoft.com and the IRS site, but I haven't used either of them.

TMF ExRO
Phil Marti
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