Ask The Taxgirl: Change Your Tax Refund Strategy
It’s Ask The Taxgirl! Today’s question is focused on flipping your tax refund strategy to keep more of your paycheck.
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Early 2018 Paychecks Won’t Look Much Different
So about that tax reform: The Internal Revenue Service (IRS) is working to develop withholding guidance to implement the tax reform bill passed by Congress. What does that mean for your paycheck? Chances are, it won’t look different any time soon.
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Taxes From A To Z (2015): W Is For Withholding From Wages
It’s my annual “Taxes from A to Z” series! Next up: W Is For Withholding On Wages Chances are, the first paycheck you ever received came as a shock. It was almost certainly less than you expected. The reason for the discrepancy? Taxes. If you are an employee, your employer withholds income tax from your…
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Ask The Taxgirl: Form W-2 & Withholding
Taxpayer asks: If my w2’s for the year are still at single but I am married can I file single or should I file married. Is it true that if my w2’s are at single they are pulling more money and if I file married I’m not getting back what I should?It never dawned on…
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Taxes from A to Z: W is for W-4
Here’s the first bit of information you need to know about the federal form W-4, Employee’s Withholding Allowance Certificate: it only applies to employees. If you’re self-employed, you can move along, there’s nothing to see here for you (though you may want to check out other IRS info as outlined on Publication 4591, Small Business…
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Ask The Taxgirl: Screwy Withholding
Taxpayer asks: I am very confused. Your blog says that we will be getting back more money this year because of the payroll tax holiday. My withholding must be screwy because I am making less money. What is going on? taxgirl says: Okay, this is where tax laws can get really confusing. Yes, there is…
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Ask The Taxgirl: Form W-4
Taxpayer asks: I hope you don’t think this is too simple a question but I’m a confused newbie. I started a new job this week. They asked me to fill out tax forms. One of them is a W-4. I didn’t know what to do with it and the HR person told me to just…
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Ask The Taxgirl: Did The Feds Make A Goof?
Taxpayer asks: Thanks for your blog entries on the Making Work Pay tax credit – very helpful. I’m wondering if the tax tables have been “fixed” for 2010 so that people with more than one job or spouses who both work don’t get the tax credit twice. About 3 – 4 months ago the story…
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Ask The Taxgirl: Withholding
Taxpayer asks: The military retirement has the Federal Withholding higher than the State Withholding. This seems incorrect to me. We don’t have anything special applied or not applied. We live Va., not sure if that matters. I hope that is enough information. I just think the military did some calculations wrong. Taxgirl says: If you’re…
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Ask The Taxgirl: How Much Money Will I Get Under Obama’s Stimulus Plan?
Taxpayer asks: I was told that I would receive all my federal tax withholding for April, May & June. However, I just heard on the local news that it would only be $12 to $15, is that true? Thanks for your advise, Taxgirl says: The Making Work Pay Credit will decrease the amount withheld from…