I ran across the 1040 Tax Calculator site when googling how many deductions to take on one's W4. I've always heard the more you take, the bigger your refund will be, but Mr. Debtbeater says his experience indicates taking more will result in a smaller refund. As he states, this is due mainly because of the child tax credit (and that he has six children). I have received a refund (child tax credit and earned income credit) from the IRS… Read the rest