so while browsing some trucks on the ole interwebs i came across a few at a dealer about 45 minutes south of me. i called them up, and talked with them about a couple of the trucks(both 2005's, one long, one short bed) i dont have a down payment at the moment, but he wanted me to use my truck as a trade in...

i just couldnt pull the trigger... ive had the truck for 5 years and have put way too much into it to just get 2k for it.

guess ill keep waiting for tax returns...

 

Your paycheck withholdings are set too high if you have to wait to get a tax refund in order to have money.

 

No its the fact that only one of us is working right now. So the 800+ we get every 2 weeks isn't cutting it right now.

Wouldn't be an issue if my truck would take a sticker...

 

If you're getting a refund at tax time then you would have some extra money each paycheck if you adjusted your withholding. For example: If you get a refund of $2,000 that means (2000/12 = ) $166.67 extra each month is going to the Government as an interest free loan.

But, if you're content with a supposed jackpot at tax time, then have at it.

 

Agreed. We have ours adjusted where we just about break even. I'd rather have the money in my pocket each month. Government gets enough out of me as it is. I'm not giving them an interest free loan.

 

I look at it as a 'savings' account. (not like interest bearing accounts are doing well at the moment anyway.) And a few thousand dollars (or thereabouts) all at once, does more for me than a few extra bucks each paycheck.

 

We have been getting in the neighborhood of 10k back every year. I'm expecting to see that, or a bit more this year.

 

I break about even, sometimes I owe and sometimes I get money back. I expect to owe this year...

 

For us we always get some back. Some years its more than other years, depends on how much overtime I worked. I know I could have adjusted it to where I just broke even but those few dollars per pay check really was not missed and one year I had to come up with $1800.00 to pay in.

My wife had changed her W2 to reflect that she was claiming herself and our daughter. It made about twenty dollars more in her weekly pay check.

After that I changed things so we always get a refund.

 

I always wonder how the guys at work pay their taxes with their I9s. They all have terrible money habits and never have any money. I reckon they just don't pay them fully.