Change your exemptions to a half dozen or more. Your employer just uses a table to decide the withholding amounts. I would suggest putting the money in an interest bearing account. You probably won't make much, but you would get to keep the interest.

[–] too_high_for_this@lemmy.world 1 points 3 days ago (1 children)

The IRS removed exemptions/allowances from the W-4 in 2020. Now you just claim dependents, itemized deductions, and other credits.

You can still file as exempt from withholding but they might penalize you if you weren't supposed to.

[–] Skyrmir@lemmy.world 1 points 3 days ago

They could technically go after you for lying on a w-4, there's about 0 chance of it actually happening, if your returns are accurate. Especially now that they're under staffed.

On an individual level it's an extremely low reward enforcement action, even if it turns into a movement, there's still not enough staff to deal with a tiny fraction of the population. Especially when there's zero damages after filing.