Monday, July 6, 2009

Decrease Your Tax Withholding Now

It is a popular pasttime in America to get a big refund check in the mail when filing taxes. It's an understandable habit, as getting a big refund is a great feeling, like finding money in your pockets, and people prefer to over-withhold, since finding out you owe thousands is a real bummer. Heck, I've done it that way myself for years.

Now, however, is the time to change that habit. I did it a couple months ago, and if you haven't yet, you need to do it now. Change your withholdings so they take the bare minimum out of your check.

The fact is, it is very unlikely that any refunds will be issued next year. Already this year, a number of states have failed to process refunds properly. I myself don't want to trust government to have the money, or be willing to part with it, when refund time comes.

News articles are already being written about the problems people are facing when trying to secure a refund.

You have been warned!

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