Originally Posted by Grimm
I don't know yet, but I need to get it done soon. We got a gift of another exemption in November so it should be a pretty nice return. Although I hate letting the government use my money interest free, so I need change my exemptions.
Exactly.. The ideal situation is to pay in at income tax time. Unfortunately, that'* not the norm for most people.
Bonneville94V688--Just imagine if your dad didn't have that return and invested the total in increments throughout 2006? The compounded interest adds up QUICK, especially with higher yield investments. At 8% interest rate, he could have made over $300 in interest by not letting the government have that interest free loan.