Submit a question to our community and get an answer from real people.
Submit

If it wasn't for the educational credit, I would have owed back $400 in taxes! What'd I do wrong?

Thanks to the educational credit, I got a nice chunk of money back instead of owing money in taxes. What can I do to make sure I don't owe money back next year?

Report as

Ask your employer(s) for a new W-4 and fill it out as Single with NO dependents. If you want to be sure to get something back, ask for an additional amount to be taken out each payday. I have $25 extra taken out every payday, so I know I will get at least $650 back at tax time. On the one hand it is like giving an interest free loan to the government. But on the other hand I know I would never save that money if it was in my grubby hands during the year.

Helpful (1) Fun Thanks for voting Comments (0)
Report as
Add a comment...

Claim zero

Helpful Fun Thanks for voting Comments (0)
Report as
Add a comment...
Do you have an answer?
Answer this question...
Did you mean?
Login or Join the Community to answer
Popular Searches