Amazing, but true. Buying a home adds to your "take home" income – possibly by several hundred dollars or more – simply by increasing the number of federal income tax withholding allowances on Form W-4.
Less than two-hours ago I submitted a revised W-4 form to our payroll department. My goal is to avoid being in a position where at the end of next year I am owed a refund from the federal government. As an act of civil disobedience, I am refusing to purchase health insurance. This means that I am subject to a tax/fine of 1% of my income (2% the following year, 2.5% thereafter). But the beautiful thing is that unless I am owed a tax refund, the government will never get any of that money.
FAFSA Tips So That You Can Get The Most Financial Help For College
Do you know what FAFSA is? If you are in college or about to enter college, I hope you do! FAFSA is the Free Application for Federal Student Aid. It is a form that is filled out by college students or those who are about to enter college to see if they qualify for any …