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Reply to "What to do wth 5k tax refund?"
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[quote=Anonymous][quote=Anonymous][quote]No its stupid you should be putting 400 a month into savings and making interest.[/quote] We have some investment income, and DH is not a W4 employee. My income also varies from year to year by a couple thousand dollars for technical reasons that aren't worth going into right now. Anyway, the point is, sometimes it's not easy to accurately estimate exactly how much I should withhold every month. I have never had a refund of $5,000, but I have had ones as high as $3,000.[/quote] We have to do the safe harbor amount each year (110% of prior year tax). Sometimes this is on target, sometimes we get big (like $40k) refunds, which we apply to the 1st quarter estimated payment. Big variations in income. Being protected by the safe harbor is more important than interest.[/quote]
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