July 2010
Beginner
13 pages
17m
English
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The Truth About Taxes and Your Employment
S. Kay Bell
Getting Your Withholding Right
A lot of folks intentionally have too much tax withheld from their paychecks. They consider it an automatic savings account that pays off with a refund when they file their returns.
The Internal Revenue Service likes this process, too, since the agency gets an interest-free loan from these overwithholding advocates.
Withholding is a crucial component of the U.S. tax system, which operates on a pay-as-you-earn arrangement. Essentially, the IRS wants the appropriate amount of taxes on your money as soon as or shortly ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.