2006-11-22 00:11:58 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
ugh...i duno wa u mean
2006-11-24 00:39:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are talking about tax exempt investments it is always a good idea to consider such investments when looking at fixed income type securities.
For example if a taxable CD, bond or note is paying 4% and is tax able and you are in a in a 28% tax bracket you are earning 2.88% after tax. If you can find a state bond of equivalent duration paying more than 2.88% you would be keeping more of the earnings in your pocket because state bond interest is not taxable on you federal return.
2006-11-22 09:36:32 · answer #2 · answered by waggy_33 6 · 1⤊ 0⤋
If your talking about filing "Exempt" on your W4 now and then, the answer is "No".
Most returns that I have seen where the person tries to play games with their W4 usually end up owing at the end of the year.
2006-11-22 09:33:04 · answer #3 · answered by Wayne Z 7 · 1⤊ 0⤋
Are you speaking personally? It's always a good idea to contribute to charitable organizations (note the difference between tax-exempt and charitable - contributions to charitable organizations are deductible as itemized deductions, while contributions to tax-exempt organizations that are not charitable are not deductible).
2006-11-22 08:58:14 · answer #4 · answered by jinenglish68 5 · 0⤊ 0⤋