I have recently re-evaluated my federal tax exemption. When I claimed “6”, I would get a fairly large return in April. I have since changed that for the rest of the year. Did you know you can claim “19”? That’s the max. On the IRS.gov website, there’s an withholding calculator. It’s actually quite interesting.
My plan involves paying down debt for the remainder of the year, and stashing as much as I can get away with. I’m going to then re-evaluate my withholding exemption in January, and again in June. I hadn’t thought of optimizing my exemption until recently.