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Brown Cafe UPS Forum
UPS Discussions
2010 W-2
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<blockquote data-quote="soberups" data-source="post: 800147" data-attributes="member: 14668"><p>I am personally in no hurry to file.</p><p>My wife and I try to withhold in such a manner that we dont get a refund at all. Our goal is to <em>owe</em> the IRS $499.99 ( the maximum you can generally owe without having to pay a penalty) and to wait until April 15th to pay it so that we can earn interest on that money for as long as possible. Instead of witholding too much and then waiting for a refund, we simply have the same amount automatically deposited into a savings account and then transfer it into checking when we pay the IRS.</p></blockquote><p></p>
[QUOTE="soberups, post: 800147, member: 14668"] I am personally in no hurry to file. My wife and I try to withhold in such a manner that we dont get a refund at all. Our goal is to [I]owe[/I] the IRS $499.99 ( the maximum you can generally owe without having to pay a penalty) and to wait until April 15th to pay it so that we can earn interest on that money for as long as possible. Instead of witholding too much and then waiting for a refund, we simply have the same amount automatically deposited into a savings account and then transfer it into checking when we pay the IRS. [/QUOTE]
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