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Sorry, but Rice University is not an Ivy League school. The Ivy League schools are Brown, Havard, Yale, Cornell, Columbia, Dartmouth, Princeton, and University of Pennsylvania. If we've never heard of it, it isn't Ivy League.
One thing this article fails to mention is people with variable incomes. People with variable incomes do not have much of a choice but wait for a refund, because you cannot predict the proper withholding. Things like tip income, commission, overtime, and bonuses make your income vary significantly. When you have a huge...more
I use TaxACT online. A family member (a business accountant), recommended it and uses it for her own personal tax preparation. That's all I've ever used. While I don't have a complicated return, it seems to ask me lots of questions and appears to be very similar to what the store-front preparers use. It is free for fed...more
I am single, make about $45,000, claim 1 on my W-4, have very few deductions or credits (students loan interest, a $300ish education credit, and a small amount in an employer sponsored IRA), and I still am getting almost $2000 back in federal taxes.
I don't think there is anything else I can do to my withholding....more
The moral of most of these posts is to make sure you save your own money for retirement. Yes, Social Security is a fairly broken system. Yes, it requires a lot of changes in order to contine. Yes, it is poorly managed. The only way to fix it is to vote and write letters to your Senators and Congressmen. The elderly are...more