How you fill out your W-4 determines how much is withheld from your pay for taxes. Before you adjust your W-4, consider whether you prefer to take home more money each paycheck or if you’re holding out for a bigger refund when you do your taxes. Learn h
From gift-buying to travel and entertainment, holiday spending can leave you feeling less than festive heading into the New Year. The good news is, your tax refund can be one way to pay down lingering holiday debt and get you back on track financially. H
If you plan on giving to charity for years to come, consider contributing multiple years of your charitable contributions in the high-income year. By doing so, you maximize your tax deduction when your income is high, and will then have money set aside to continue supporting charities for ...
To calculate your effective tax rate you need two numbers: your taxable income and the total amount you paid in taxes. Key Takeaways Knowing your effective tax rate can help you understand how well you’ve been managing your tax situation throughout the year. Your effective tax rate is diffe...
Your Social Security number. Your address. Income information not from jobs (including things like rental properties and dividends). Income information from other jobs. Income information from your spouse. An idea of how many dependents you're able to claim and any deductions you might take. Fill...
Have you ever wondered how to make sense of Form W-2? A W-2 form is more than just a piece of paper; it’s a breakdown of your income, taxes, and other important details that your employer must provide to you and the IRS. This guide will explain everything you need to know about...
After your expenses and income, your goals are likely to have the biggest impact on how you allocate your savings. For example, a common budgeting question is whether to pay down debt, save or invest. This interactive tool can help you decide. Or let’s say you know you’re going to ...
tool. You’ll just need to plug in your Social Security or taxpayer ID number, filing status and refund amount. More from Money: 5 Best Tax Relief Companies 2025 Tax Brackets: IRS Bumps Up Income Cutoffs and Standard Deduction These 9 States Are Cutting Income Taxes in 2025 ...
So, I wanted to lend a hand. This article will highlight a good chunk of things to know if you are doing your own taxes. Even for those who have DIY tax experience – you’ll find value here as well – with updates on what’s new for 2025 tax filing, deadlines, credits, deduction...
The Internal Revenue Service (IRS) has several requirements that your child should meet to qualify as a dependent. Your child must: Have a valid Social Security number (SSN) Not file a joint return (if married) Be your son, daughter, adopted child, stepchild, eligible foster child, sibling...