How to get more money in your pocket with every paycheck

So I was reading an article and they suggested if you get a tax refund or owe taxes for 2009 it would make sense for you to go to IRS.gov and use the Withholding Calculator(look at the bar on the left hand side), you will have to answer questions, then it spits out exactly what you should change your allowances today to help balance your situation, if you got a refund in 2009, that means you could be looking at a “pay raise”. Or if you owed in 2009, maybe a little less in the paycheck but you can rest assured that you won’t have the surprise tax bill next year that you had this year. It is a pretty cool tool, in the past I have helped clients “guestimate” but with this tool it takes the guess work out of it and tells you exactly what needs to be done.

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~ by debt2dreams on March 8, 2010.

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