Daily Archives: Tuesday, May 18, 2010

Raising Your State Withholding to Cover Federal – Does It Make Any Sense?

I know of a person who has his state withholding from his payroll check set high purposely to remove $1300 more than is necessary, since he regularly owes about that amount to the Federal government. I don't feel comfortable challenging his method, nor do I feel he would take kindly to my making some suggestions. So I blog about it, not understanding why in the world someone would do such a thing. His income and his wife's is steady.  His… Read the rest