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QUESTION DETAIL
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Lets say I have an additional $100 coming out of my check (claiming 0 with $25 extra out per pay period). So at the end of the year, I should have an additional $1,200 refund. Will I get all of it back? Or should I take it out of my check myself and put i
ANSWER
The BIDaWIZ Team's Answer:
If none of the extra withholdings [$1,200] is needed to pay your
tax liability, it will be refunded to you, but no interest will be paid.
Thus, the better alternative is to invest the money in a short term
savings, or money market, account.
