Maximize Your 401k Contributions in 2024: A Guide with Calculator
New updates to the 2023 and 2024 401k contribution limits. Use a free paycheck calculator to gain insights to your 401k and financial future.
It finally happened. There was a tax deal! Congress settled half of the giant cloud of uncertainty strangely named the "Fiscal Cliff." Thankfully, most of the uncertainty is past. This post will be a short summary of the changes you can expect for 2013 in the way of payroll and tax laws. I'll have some suggestions and warnings as well for some of these issues.
It finally happened. There was a tax deal! Congress settled half of the giant cloud of uncertainty strangely named the 'Fiscal Cliff.' As a tax professional, I am charged with helping my clients navigate through the confusing web of tax laws created by Congress to make sure they pay only as much tax as they are required to. For many, that means planning months and years ahead for certain events that are about to take place to make sure correct decisions are made. How are we supposed to do that when Congress can't even decide what the tax law is going to look like? Thankfully, most of the uncertainty is past. This post will be a short summary of the changes you can expect for 2013 in the way of payroll and tax laws. I'll have some suggestions and warnings as well for some of these issues.
There are of course many more changes. Check with your tax adviser to see which of them affect you directly. You may need to adjust your W-4 form. Remember, the ultimate goal is to have your payments (withholding) match your liability (calculated on your tax return) so that your refund or amount owed is as close to zero as possible. You can always use the free calculators at PaycheckCity to see what your check will look like under the new tax laws or under different withholding scenarios.
New updates to the 2023 and 2024 401k contribution limits. Use a free paycheck calculator to gain insights to your 401k and financial future.
Unlock the secrets of your 2023 bonus taxes with our guide, and use our Bonus Pay Percent Calculator for an instant breakdown of your take-home pay.
It’s the 2023 holiday season, and for fortunate employees, that means an end-of-year bonus! Yet many employees are disappointed when their bonus lands in their bank – usually a lower amount than anticipated. Here's a quick guide to help workers understand how bonuses are taxed.