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[quote=Anonymous]Getting a refund is just about the stupidest thing you could do finanically. Better to get the money through the year and save it if you're not spending it.

We don't have enough information really to answer your question (i.e. do you have a mortgage). But junior is worth one personal exemption and one child credit for you. If your marginal rate is 25% (you'd have to be closer to that $100,000 than not), that makes junior worth roughly $2,000 in actual tax savings. If you pay for day care, you can get an additionl child care credit on top of that.

But say it's just the $2,000. That's $167 more per month you could bring home in your taxes. I'm not exactly sure who that works out in terms of exempts to claim, but it's probably one or two more.

Here's a good formula (if you claim the standard deduction -- if you have a mortgage and itemize it's a different calculation):

http://taxes.about.com/od/paymentoptions/qt/Adjust-Tax-Withholding.htm

Again, strive to NOT have a refund. That's just stupid.[/quote]

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