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Helpful Links

January 6th, 2017 at 03:40 am

I've been crunching numbers to prepare for 2017 taxes. Yes, now at the beginning of the year. Part of the reason is to not have a big refund if possible. I want the money in my pocket now!

One site I use to calculate how different withholding amounts affect net pay is

Text is PayCheckCity and Link is
PayCheckCity.Pick salary or hourly as appropriate.

And the IRS calculator may be helpful also to figure how much you should be claiming for withholding in the first place. It can be found
Text is here. and Link is

Just sharing in hopes that it helps someone. I've always done our taxes (well a couple years early in our marriage my father in law did them, but he passed away in 2002). I found it helpful to understand how they work. The more you know, the less scary it is. Smile

3 Responses to “Helpful Links”

  1. VS_ozgirl Says:

    Working at an accounting firm, we have a few clients who prefer to have a higher withholding amount so that they can get a big refund at tax time. It absolutely boggles my mind that you would want the government to hold onto thousands of dollars of your money so that you can "get" a large refund. Example is a client who changed jobs and is on a six figure salary. When I did his refund I pointed out that the reason his refund is so large is because his tax withholdings from his new job are much higher than they need to be and if he wanted to have more of his pay now he could simply ask them to adjust to the correct rate. His response "no, that's fine I'd rather have the big refund at tax time". Everyone to their own but I think he's nuts!

  2. fern Says:

    I've done my own taxes most of my life, except for a few years, after which I realized I could save the $300 and do them myself. I hate the task though.

  3. FrugalTexan75 Says:

    My taxes this year I think are going to be complicated. I'm not sure when I'll have all the needed forms...So who knows when I'll actually file.

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