Ideally you shouldn't be getting a return at all. My employer sent out several notices (from the IRS) stating that the everyone should check and adjust their witholding for this tax year.My refund went wayyy down this year.
thanks alot trump
I have Fidelity for my company retirement pension also, and they did the same. I did manually adjust my State withholdings, tho.Fidelity Investments Institutional Operations Co. Which manages my former employer's pension fund, reduced my Federal tax withholdings by 7½%. They do this automatically based on changes to the tax code. I do have the option to adjust it if I wish.
I had the wife change hers to single and 1.We both claim single and 0.. wonder if we can claim negative dependents.
So... you let the feds borrow $2K of your money, interest free, for a year. That's how I read that. If you have to pay at the end of the year, you kept your own money until it was really and truly due.Got smart, re-calculated everything, changed deductions and they (fed and state) owe me about $2k this year.