Tax Experiment

Every year my taxes are so easy. I always file the EZ forms online. This year was no different. I filed both federal and state in a matter of an hour or so. Yea!

I usually get a few hundred dollars back mostly because I have my 403b contribution deducted from my paycheck before taxes are taken out while still using the same old withholding status. Last year after doing my taxes I decided to change it to S-02 so less would be withheld each month. I was very curious to see how it would affect my refund. Would I owe the government money this time?

I'm claiming an undeniable success. I owe the feds only $43!

I can't remember if I changed my state withholding to S-02. I don't think so because I'm getting $85 back from the state. So I'm going to get a combined net $42 refund. That might just about pay for my dim sum lunch today.