Get A Hold Of Your Taxes Before They Alter Your Life
Just married? Chances are you are still not prepared for teh tax consequences of your act. Many people learn the hard way that a marriage, divorce, birth, death, move or job change, can alter your tax status considerably. Tax experts urge their clients to spend a few minutes each fall to avoid nasty surprises in April. Azstarnet.com reports:
What these experts suggest is called a tax projection, and it’s smart to do this now for three reasons. First, if you discover that you’re underpaying your tax, you can adjust the amount withheld from your pay. That prevents underpayment penalties from the Internal Revenue Service. Second, if you’ve paid too much, you can reduce the amount of taxes withheld from each paycheck.
Read more: Opinion by Kathy Kristof : Personal Finance