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It might feel like a sudden windfall, but its not.
How Does This Work?
In this case, exchanging a bigger-than-necessary payroll tax deduction for a one-time refund might make sense.
But for everyone else, that exchange amounts to lost financial opportunity, experts say.
Kept in your hands, those dollars could have been productive, Pisenti & Brinker added.
Ideally, the dollar amount on either side of the equation will be minimal.
you could also use the IRSstax withholding estimator.
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