I'm one of those "suckers who lent the government significant interest free money to the IRS this year," mentioned in my brother's April 15 blog. I am every year. We already have many more withholding exemptions than we have people in our family, and I found myself, this year, when faced with yet another large federal tax refund, contemplating going to 15 on our federal W-4. And then I thought, what does that even mean? Who claims 15 exemptions (besides octo-mom, that is, who doesn't have any income and therefore even she doesn't claim 15)? Does the table even go that high? What do I have to do to get the government to stop over-charging us?
Now, I have to admit, it is nice getting a large infusion of cash every April, but it would be so much nicer to have several hundred more dollars in our pockets every month, along with the interest or investment income that would result. Any suggestions?