Jul 27, 2017 · 1 min read
I was considering changing my withholding earlier this year but then I got a big increase in my annual salary (24%) and a large chunk of back-pay and a $2,000 settlement check from a lawsuit and I’m not sure how taxing is going to work on all of these things, or if my increase annual salary will also change my tax % so I think I’m going to sit tight for this year and reevaluate next year.
I agree though, once the dust settles if I’m still getting larger refunds (it’s been ~$3,000 combined federal/state for the last 3 years) then I’m going to adjust and throw that money at my loans more aggressively.
