[Rick Lee]

If you know you'll be getting most of your taxes refunded to you, you might as well stop lending the gov't. your money interest free for the year and adjust your W4. That way you get more out of each paycheck and don't get a refund at the end of the year. I'm single with no kids and claim five exemptions. I usually owe the feds about $1100 after it's all said and done, but I usually get that much back from the state, which I file first and then pay the feds off with that money. If you're getting a refund, you're giving the feds an interest free loan. If you're writing them a check at tax time, they gave you an interest free loan.