I think Jammrock has it just about right. I don't really like getting a large refund - it means my witholding was way too high, and I missed out on the chance to invest some money, or even just let it sit in a savings account.
The two best strategies seem to be:
1. Get your witholding as close to taxes as possible, as Jammers has done.
2. Don't do any withholding, but invest/save money on your own, and plan on making a lump sum payment to the IRS.
I'm considering starting the latter.
The two best strategies seem to be:
1. Get your witholding as close to taxes as possible, as Jammers has done.
2. Don't do any withholding, but invest/save money on your own, and plan on making a lump sum payment to the IRS.
I'm considering starting the latter.

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