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Give Yourself a Raise

Are you looking for a little extra Christmas cash this year? How about giving yourself a raise? You may be able to if you were one of the nearly 99 million taxpayers who received a refund from their 2005 taxes. With the average refund totaling $2,200, that amounts to about $185 per month that people are needlessly loaning to the government interest free.

Matt's View

Kiplinger's offers an online calculator to help determine if you're having too much money withheld from your income. The IRS also offers a calculator. In order to change your withholding, just contact your benefits or human resources department and they'll walk you through the process.

This article filed in: Holidays , Taxes

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