Archive For The “Taxes” Category
I’m assuming that you’ve never read a lick of tax code (at least not recreationally). I’m assuming that you are a good and decent human being and do not harbor such sadistic tendencies.
Correct me if I’m wrong.
Today I’m going to impart a little painless knowledge on ya regarding the subject.
Hopefully, it’ll make you feel a little smarter, a little less intimidated, and a little bit like me in that you want to yell at the television box whenever a newscaster uses “tax credit” and “tax deduction” interchangeably.
When you start a new job, you are thrown a lot of paperwork. In that pile is a little form called a W-4; a daunting, boring, typically-tiny-fonted government form. Most people will fill it out to the best of their knowledge, hope they haven’t done anything illegal, and forget about it. Come tax time, many of these people are either completely shocked when they owe money, or totally stoked that they are getting a huge refund. You should aim to be neither.