Paystub Calculations
We would be happy to review your paychecks to verify that enough tax money is being withheld from them. We can estimate what your 2011 refund or balance due will be and help you adjust your withholdings. This is a great tax planning tool for people who want to control their refunds or have more money in their pockets during the year. For some this is a savings account that pays out during tax season, to others they would rather not give an interest free loan to the government…Who are you?
What do we need? The most recent paystub for yourself (and your spouse). We will also need any final paystubs from jobs that ended in 2011. If you have taken any money from a retirement account we will need to know how much and the circumstances behind it. We can even help you with the tax planning if you contact us before taking any money from your retirement accounts. We will also need any other income you have earned during the year (example: business income, unemployment income, interest, dividends, stock sales, etc.)
We will review your deductions from 2010 and work with you to figure out what you will have in 2011. Don’t be surprised by your refund or the balance you will owe when tax season rolls around! Take the steps to good tax planning today!