Originally posted by GONZ
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I'm already familiar with the strategy you're talking about, but I didn't overpay $8000. I only overpaid $1500. The rest was from child tax credits and EIC. (Married, two children, with taxable income below $16,000)
This coming year, I'm considering going exempt on my payroll deductions. This would be a good question for you while we're on the subject; If I do claim exempt on my W-4, would that also affect my state/local deductions?
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