3 Tips to Decrease that Pesky Tax Bill

Tips to Decrease Your Tax Bill

Many families dread the week of April 18th (I cannot as my husband’s birthday falls within this week) because of the looming deadline that comes up every year – tax bill time.  Many families are excited at the prospect of receiving their W2s because it means refund time aka vacation money, house repairs, or maybe even stock in adult beverages to get them through the chaos until next month.  No judgment.  However, what I think many families do not know is that when you fill out your W-4 with your employer to withhold a higher amount of tax, you are in essence giving the government an interest-free loan. Wait, what?  Yes! You are paying taxes into a system that they ultimately use and are then responsible for repaying you for the “overage” that you have paid.  You do not get to collect interest on the “loan” you are providing.  This […]

Continue Reading