Money Tip:
Although it is wise to avoid penalties for underwithholding, it is also wise to avoid banking with the IRS. They don't pay interest on a current year's refund money. Additionally, you have no access to your money until your refund check arrives. So, when expecting a large refund, adjust your withholding on Form W-4 and put the extra money in savings. This way you have access to your money and its earnings.
pwfm
Sunday, May 21, 2006
Money Monday
Money Tip:
Although it is wise to avoid penalties for underwithholding, it is also wise to avoid banking with the IRS. They don't pay interest on a current year's refund money. Additionally, you have no access to your money until your refund check arrives. So, when expecting a large refund, adjust your withholding on Form W-4 and put the extra money in savings. This way you have access to your money and its earnings.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment