I'll pay off my 240k loan balance in 4 years by living cheap Forum

[echooo23]

Also, you don't get a lot of it back until you file taxes and get a refund. The government is taxing you at a 160k level during your summer even though you're only working 3 months. You don't get that refund until the tax season.

You can adjust your withholding to avoid this.

Can you explain, if you would be so kind, how to do this? I'm torn, because I love getting my tax return, but also hate losing the money.

Use the IRS withholding calculator and adjust your W-4 withholding allowances accordingly. Instead of taxing as if you are making $160,000 then giving you a fat return, each paycheck will withhold as if you are making $30,000 and you get zero to little return back next April.

[lawschool22]

Which is ideal, because then you're not giving Uncle Sam an interest free loan.

[Clearly]

Ugh df you are insufferable bro. Your whole life is gonna go by while you're miserable, if you hate everything, make some changes already...

[redsox]

Which is ideal, because then you're not giving Uncle Sam an interest free loan.

To be fair to Uncle Sam, he needs it.

[Danger Zone]

Ugh df you are insufferable bro. Your whole life is gonna go by while you're miserable, if you hate everything, make some changes already...

Classic