How To Adjust Your IRS Withholdings

by Dual Income No Kids on March 12, 2009 · 0 comments

Hi All,

Its another terrifically busy day for us DINKS, so here is a video from very good, but underrated Money Talks News series. This video is on the topic of IRS withholdings.

The situation is, a lot of people get a pretty substantial tax return back from the IRS at the end of year. However, this is a problem, because as the movie points out, the money spent overpaying taxes could instead be put into productive use in a savings account or mutual fund. That is why is is so important to pay close attention to how much you are paying in, as you can build even just a little wealth if you have that cash on hand gaining interest instead of in the government coffers. The great thing about this clip is that it shows you how to adjust your withholding and maps out the logic and the process for doing it.

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