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Plans for wasting your tax return?
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<blockquote data-quote="TacomaJD" data-source="post: 468132" data-attributes="member: 1780"><p>We are able to alter our withholdings through work and I usually run the first half of the year claiming married and 10 kids (minimal withholdings). Then change it back to single and none around June. File Single and none on my tax return and usually get back about $200-300. But each week during those married and 10 months is about $100 extra each 40 hour week. When I work overtime, it can mean as much as $250+ extra. Just seems to have worked out better for me doing it like that than getting a lump at the end of the year.</p><p></p><p>When I went to college all 3 semesters in 2012 and claimed married and 10 half the year, I got back $2,400 because of the tuition and book reimbursements through work. I pay for the classes, then get reimbursed if I pass with satisfactory grades. They put the reimbursement money on my check and it gets taxed, so at the end of the year all that adds up to getting free education plus some. I'm about to start back to college too, only reason I stopped was because I thought I was about to change jobs and didn't want to pay back a year's worth of reimbursement (policy) when I left Siemens. But that job has not worked out like it was initially portrayed. Actually had an interview this morning for a front office job here at work, but I doubt I'll land it. More qualified folks than myself put in for it.</p></blockquote><p></p>
[QUOTE="TacomaJD, post: 468132, member: 1780"] We are able to alter our withholdings through work and I usually run the first half of the year claiming married and 10 kids (minimal withholdings). Then change it back to single and none around June. File Single and none on my tax return and usually get back about $200-300. But each week during those married and 10 months is about $100 extra each 40 hour week. When I work overtime, it can mean as much as $250+ extra. Just seems to have worked out better for me doing it like that than getting a lump at the end of the year. When I went to college all 3 semesters in 2012 and claimed married and 10 half the year, I got back $2,400 because of the tuition and book reimbursements through work. I pay for the classes, then get reimbursed if I pass with satisfactory grades. They put the reimbursement money on my check and it gets taxed, so at the end of the year all that adds up to getting free education plus some. I’m about to start back to college too, only reason I stopped was because I thought I was about to change jobs and didn’t want to pay back a year’s worth of reimbursement (policy) when I left Siemens. But that job has not worked out like it was initially portrayed. Actually had an interview this morning for a front office job here at work, but I doubt I’ll land it. More qualified folks than myself put in for it. [/QUOTE]
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