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Old 08-08-2006, 03:09 PM
sweeps sweeps is offline
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Default Re: Want to lower tax refund amount but how?

Best bet is to do a mock run of your taxes in August or September. If you're way in the refund territory, you can increase the number of exemptions on your W4. If you're way in the owing territory, you can decrease the number of exemptions on your W4 (or up the line that says "Additional Amount Withheld").

The estimates you'll find on the web (including the IRS site) are great starting points, but things rarely go the way you predict at the beginning of the year.
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