Or do you hate to get money back, knowing that you loaned it to the government at 0% interest? I must admit that I enjoy getting a check back for a few hundred dollars more than breaking even with my taxes. Wisdom says it is best to break even – so that is what I try to shoot for, but who would argue that it is more fun to get $50 back rather than pay $50?
It turns out the IRS has a calculator on their website that will help you calculate how much tax you should have withheld from your paycheck. Once you round up the necessary documents, it shouldn’t take more than 5 minutes to complete.
http://www.irs.gov/individuals/article/0,,id=96196,00.html
Let me know what you think.
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