Tip of the day: Adjust your withholding periodically
So, I just sat down with Microsoft Money, and it says that the government is going to give us a really big refund come the end of the year. Apparently, while becoming a homeowner is expensive, the government tries to make things easier for you by not taxing you on money spent on property taxes or mortgage interest. So, I just filled out another W-4 and intend to give it to our Personnel department tomorrow.
So, this is just a reminder to fill out a new withholding worksheet when your life circumstances change. You just may end up with a bigger paycheck.