Avoid Having Too Much or Too Little Federal Income Tax Withheld if You Review Your Tax Withholding
The Internal Revenue Service today encouraged taxpayers to consider that they review your tax withholding, keeping in mind several factors that could affect potential refunds or taxes they may owe in 2018.
Reviewing the amount of taxes withheld can help taxpayers avoid having too much or too little federal income tax taken from their paychecks. Having the correct amount taken out helps to move taxpayers closer to a zero balance at the end of the year when they file their tax return, which means no taxes owed or refund due.
5 Ways to Head Off Taxmageddon & Save Your Home Budget
One of the new buzzwords, “fiscal cliff”, has generated yet another buzzword, and this one is called “taxmageddon”. We’re not too sure who thinks these words up, but they all refer to and describe the consequences that will occur if the Bush era tax cuts that will expire on December 31, 2012, are not extended. This could have an adverse effect on your home budget.
Many economists and tax experts are saying that if Congress and the President don’t act, all Americans can expect to see a rise in their tax bill in 2013. Thus far, from where I sit, Congress and the President have been “acting”, just not in a very responsible way. Each has their own View full post…
Posted: December 15, 2012 Under: Budgeting By: Gust Lenglet
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