Why in the word do you 'lend' your money to the government interest free every year? One should set their withholding so as to deduct what they owe annually, or even a bit less.
mike hunt
Steve Barker wrote:
> dunno. I've never underpaid. Been getting a state and federal refund every
> year for 31 years now.
>
> --
> Steve
> =========
>
> > > > >Hell, that's nothing. Here in Kansas, we have to claim LAST years STATE
> > >refund as this years income. Now if that ain't double taxation, nothin > is.
> >
> > So if you underpay the tax, can you claim last year's payment as a
> > deduction to this year's income?
> > --
> > Matthew T. Russotto snipped-for-privacy@speakeasy.net
> > "Extremism in defense of liberty is no vice, and moderation in pursuit
> > of justice is no virtue." But extreme restriction of liberty in pursuit > of
> > a modicum of security is a very expensive vice.