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  #26  
Old 02-04-2012
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Originally Posted by OTRtech View Post
Then you might be doing something right.
I always claimed the most exemptions I could on my withholding so they took out less.
That money ,put in my savings account, made more interest for me than letting the government hold on to it all year for nothing.
Sure,savings accounts don't pay much of anything in interest,but it's more than what the gov pays,which is nothing.
Let's say you claim 0 exemptions on your employer withholding. They take out the most tax , making your paycheck smaller , but you get a big return when you file. Say $1000.
Instead , claim 3 exemptions on withholding and take a few extra bucks and throw it in a savings or interest bearing checking account. You may only make $10 0r $20 on interest , but that's $ more than what the gov pays you for holding/using your money over the year.
Yep, exactly what I do.
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  #27  
Old 02-04-2012
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I'm thinking about a jd2 model 32 tube bender and 1 3/4" die
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  #28  
Old 02-04-2012
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Im gonna put my truck through a little cancer treatment. I plan on removing the rust at the bottom of my passenger rear door and painting the bottom half of the truck with Herculiner.

Ps. so i dont have to fuss with the body work as much and i love the stuff. i will post some pics when im done
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  #29  
Old 02-04-2012
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Icon10

I filed electronically on Jan. 16.Should have got it back before the 25th.but still haven't got the check.Apparently the gubment said there were setbacks for people who filed between the 17th and 25th due to implementing a new system or something.Good thing I wasn't desperate.I'm getting a set of MT Ultra Classic2's.The rest is going in the bank......or maybe a black,low profile toolbox and a 10' sealed sub and 4 channel amp too.
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  #30  
Old 02-05-2012
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Originally Posted by aluminator View Post
I filed electronically on Jan. 16.Should have got it back before the 25th.but still haven't got the check.Apparently the gubment said there were setbacks for people who filed between the 17th and 25th due to implementing a new system or something.Good thing I wasn't desperate.I'm getting a set of MT Ultra Classic2's.The rest is going in the bank......or maybe a black,low profile toolbox and a 10' sealed sub and 4 channel amp too.
Wow, you must get a lot back.
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  #31  
Old 02-05-2012
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Wow, you must get a lot back.
x2

Time to change your W-4 withholding form so you donít have them take out so much each pay period! No reason to have them hold onto that much of your money interest free all year.
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  #32  
Old 02-06-2012
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Originally Posted by logan03CO View Post
x2

Time to change your W-4 withholding form so you donít have them take out so much each pay period! No reason to have them hold onto that much of your money interest free all year.
Yes I know.I've had this job for 10 years.Back then I wasn't good at saving money so on my W4 where it asks"What additional amount,if any do you want with held from each paycheck?"I put twenty dollars,also partially because the previous year I had to pay.So that accounts for 1080. of it............Yeah I guess I should.
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  #33  
Old 02-06-2012
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I'm in the same boat as Kris, if it wasn't for the amount of tools i bought during the year, i would actually owe the government money.
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  #34  
Old 02-10-2012
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I'm getting a 3" body lift, 33x12.5R15 Goodyear Duratracs and a new catalytic converter.
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