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Originally Posted by jlferick Maybe because our interest rate is so low??? I also think DH's employer just doesn't take enough out of his paycheck because he makes just a little more than me and I always end up having more federal taxes withheld at the end of the year. |
Yes, we have low interest rate as well... be glad for it! It IS a good thing!!!
You can have him ask his employer to change his withholding... That should help to. We lowered our withholding a few years ago because we felt like we were getting too much back. I think that I posted this up above but in too much of a hurry to check right now.
It is not necessarily a goal to get a huge tax return unless you are unable to save during the rest of the year (as I have always heard it).
I might be wrong but we earn more interest by banking it then we do by giving too much to Uncle Sam so that he can earn interest on it???
That is what my mom always told me anyway.