Tag Archives: Withholdings

Adjust Your Withholdings for the New Year

An important thing to do at the beginning of the year is to take the time to make sure your withholdings are accurate for your family. You can also easily adjust the amount you are having put into retirement, and savings at this time. You can easily figure out how much you should be withholding by using the calculator provided by the IRS. Here are five reasons that your withholdings may have changed in the last year. 1) You have had a child. This will increase the tax credit that you can claim. You should adjust your withholdings accordingly. You … Continue reading →

Are You Having Too Much Withheld from Your Paycheck?

Are you looking for a way to have more money every month? Do you receive a large tax refund every year? Do you count on this money to make large purchases or to pay off debt? Or does this money go directly into savings? If you do receive a large refund each year, but you really struggle paying your day to day bills you can change the withholdings so that you do not receive a refund. Instead you will receive that money throughout the year, when you really need it. If you choose to do this you need to make … Continue reading →

Do You Have Questions About Your Taxes?

Do you receive a large refund every year and feel like you could use that money in your regular paychecks? Are you self employed and confused about what taxes you need to pay? Do you want to understand the earned income credit (EIC) or how the child tax credit works? If you do, then you should visit www.irs.gov. This site is surprisingly easy to negotiate and has a wealth of information that you can use to make the most of the money that you have. The site has several calculators that can help you figure out what you currently owe … Continue reading →