Taxes question

[JE3146]

Originally Posted by RevSmoke

So you income tax return is you savings plan? You don't get any interest!

Why don't you open an account and just put $20, $25, $30, or you name your amount in it each pay period. Throw out the deposit slips. Don't keep a ledger. Don't even look at it. When you want it at the beginning of the year, there it will be. PLUS INTEREST!!!

Peace of the Lord be with you.

Pros of your method.... I get a whopping 2$ interest over the course of the year in my savings accounts. Excuse me while I buy a cheeseburger.

Cons of your method. I have access to the money throughout the entire year.

And your method is assuming I have a steady paycheck, which I don't. I worked 6 months last year. Went to school the other 6 months. The 6 months I was working, I was saving for a wedding, to which we had to file jointly this tax return, which was another unknown of how things were going to pan out with our return. Needless to say, it was easier to claim 0.