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Originally posted by V6Bob:
"The money you are getting back is money you have OVERPAID throughout the year. Its not like the Gov. is giving you free money...it is already yours!"
"Actually, about $2000 of the money I'm getting back get back is an earned income credit from having a kid [Wink] We only paid out around $3k, so the gov't is giving me free money."
Either you're being humorous or you're possibly missing the point. At some point in the year you knew you would have a kid. You could have roughly figured your taxes and adjusted your witholding.
It ain't "free money".
"The money you are getting back is money you have OVERPAID throughout the year. Its not like the Gov. is giving you free money...it is already yours!"
"Actually, about $2000 of the money I'm getting back get back is an earned income credit from having a kid [Wink] We only paid out around $3k, so the gov't is giving me free money."
Either you're being humorous or you're possibly missing the point. At some point in the year you knew you would have a kid. You could have roughly figured your taxes and adjusted your witholding.
It ain't "free money".
BTW, when I got married this year, I did do the with holding worksheet on my W4, and I still had way too much taken out of my paycheck.
If you would have read my post earlier, I said I'm claiming exempt this year because I won't have a tax liability.
Regardless, I payed 3k in taxes, and I'm getting 5k back. That means, the gov't is giving me 2k more then what I paid.
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