Let's Talk Taxes
You just got your paycheck. Your eyes scan down the list of deductions and settle on the most important part—your take-home pay. You take that number and start subtracting your bills, your day-to-day purchases, or that expensive item you’ve got your eye on. However, hiding in the often-overlooked payroll withholdings, you may find some untapped potential. Watch the video below as Jen chats with coworker Joy about the ins and outs of taxes.
Remember: Your pay stub is a source of valuable information-- it shows you how your income is distributed, gives you a heads-up on what to expect at tax time and allows you to set a realistic budget.
Paycheck withholdings are a fact of life for most workers, but they aren’t set in stone. While it might seem like the right idea is to accept your withholdings as given and hope for a big refund at tax time, you’re better off taking a more proactive approach. With a closer look at your life situation and a touch of math, you can wind up with more pocket money and better financial well-being.
Learn more about taxes by clicking the handout above.
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