paycheck

A $2000 Paycheck Credit Bonus in 2015 and Other Middle Class Tax Breaks

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In a push to reengage their voting base Democrats have proposed a $2000 paycheck credit bonus as part of a wide ranging middle-class tax credits proposal. The paycheck credit proposal, architected by House Rep. Chris Van Hollen (D-Md.), would only be available to middle class Americans, which are defined as couples earning less than $200,000 […]

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Adjust or Change Your Paycheck Tax Withholding (W4) After These Personal and Financial Life Events

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During the year many people have personal and financial life changing events that can affect how much they pay in taxes. But they often forget to adjust their income or paycheck tax withholding to cater for these events. This means they ending up owing taxes and associated penalties when filing; or missing out on extra […]

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2012 Payroll Tax Credit Holiday Extended Till Year End. Extensions For Unemployment Benefits and Medicare Payments Also Approved

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[Updated- 2012 Payroll Tax Credit Holiday, Unemployment Benefits and Medicare Doctor Payments Extended to Dec 31st] With House Republican support Congress has passed legislation extending the federal payroll tax holiday through the end of the year without demanding spending cuts to pay for it. This was a concession aimed at averting another repeat of their […]

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Your Four Step Plan Towards Financial Healing – Breaking the Paycheck to Paycheck Syndrome

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In the current financial climate, many of us are under pressure to pay the bills, buy basic household items and meet our day to day expenses. Finding spare cash to pay off loans, save for your kids college expenses and to build up a decent retirement nest-egg seems like an impossible dream. Even having any […]

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Taxes and my Paycheck Withholdings

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When I moved here a long time ago one of the financial mysteries for me was the taxes on my paycheck. This included what would be deducted from my pay check and more importantly how much should I withhold to meet my tax obligations. I learned the importance of understanding this the hard way with […]

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