Here are some more user submitted tax tips that I've received:
- My advice is to not lie about your income. Be honest and pay your taxes.
- If you find you owe every year and adjusting your with holdings just isn't working out make sure to take the number you owe each year, divide it by the amount of paychecks you get per year, and stick it in a high yield online savings account. I say add at least $5-$10 more per paycheck so you have a cushion. In the worst case, you will have extra savings!
Please keep your tax tips coming, and good luck to everybody who enters. This contest will run through February 11.