Originally Posted by
overspeed
The idea of not paying during the year is good if you can invest the money that would be going to the Government every pay check. When you pay your taxes at the end of the year you'd be money ahead, if your investments made any money.
NOT a good idea at all.
You get penalized by the government if you continuously owe money at the end of the year. Plus, that is way too much effort for such a small amount of money.
The tax system is very complex, but if I had to generalize I would say if you're single you should claim one. If you're married and your wife works (probably making more than you
) you should claim zero and consider checking the "married but withhold at the higher single rate" box.
-IHM