withholding

Urgent: Check Your Withholdings

Posted November 19, 2009 - 15:08 by Philip Brewer

Taxes

Seal of the Treasury Inspector General for Tax Administration

Your paycheck has probably been bigger this year because the government stimulus package to cut the amount of tax withheld from people who were expected to get the new "Making Work Pay" tax credit. But there's a problem: According to the Treasury Inspector General for Tax Administration, more than 15 million taxpayers may unexpectedly end up owing taxes.

full story 5 comments

Taxes on irregular income

Posted March 25, 2008 - 04:47 by Philip Brewer

Taxes

Kneeling llama

This is really a non-issue, if you work a regular job:  Your employer withholds taxes.  It's also not much of an issue if you're self-employed and your income is reasonably steady through the course of the year:  You estimate your annual tax bill and send in quarterly estimated tax payments.  If your income is unpredictable, though, it is an issue.  Happily, the IRS does not demand that you be able to predict the future.

full story 7 comments

Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.

Finance Blogs - Blog Top Sites