Quote:
Originally Posted by MonkeyMama
I just wanted to add, the more you put in your 401k, the less tax is withheld, automatically. Just to clarify.
$2200 is about 2-3 exemptions. I'd go for 2. You'll still get a small refund. That will go a long way for your 401k.
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MonkeyMama...thanks.
If the pay calculator I listed above is accurate then changing my w/holding allowance to 2 and increases contributions to 8% still leaves me with a slight increase in take home pay. So looks good if accurate. If I overestimated allowances and had to pay back in taxes if it were less than 2200 I believe it wouldn't be a problem. I just wanted to make sure I wasn't missing anything in the equation.