Technically this is true, insofar as the more that’s withheld from the weekly paycheck, the more is likely to be refunded in April. But it’s not a sensible strategy. People who do this on purpose are giving the government an interest-free loan and missing out on the chance to spend their own money or earn interest on it. A much better idea would be to put the money in an interest-bearing account, even if the interest is only 1 percent. That way, if it turns out the government is owed money in April, you have still made something.
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