Tax refunds are fool’s gold, because they’re interest free loans you’ve been floating to the government all year long. The ideal move is to have just the right amount deducted from your paycheck each week so you’ll pay a small amount come tax time. [More]
withholding
Blame Manufacturers For Annoying Hidden Prices Online
By 2.10.10
Have you been noticing more and more lately that no matter which online retailer you visit, you have to add the item to your shopping cart to see the price? Blame it on manufacturers, who are taking advantage of a 2007 Supreme Court ruling to be more aggressive about controlling pricing online, writes the New York Times. [More]
New Withholding Rules Mean You Might Owe The IRS Next Year
By 4.17.09
New tax laws designed to boost the economy by giving you a bit more cash in your pocket might lead to problems for you next year if you’re in a dual-income household. The new payroll tax tables mean you could end up withholding too little without even knowing it and, though you’re welcome to take that long-awaited trip up the Zambezi, you probably won’t enjoy writing a check to the IRS come April 2010.
Good News! You Got A Tax Cut! Bad News! You Might Want To Adjust Your Withholding!
By 3.31.09
CNN points out that while it’s wonderful to be getting the “Making Work Pay” tax credit right away through your employer adjusting your withholding — some people might end up getting more credit than they really are entitled to — meaning they may end up owing money at the end of the year.
