Are you a college grad starting a full-time job this summer?

Congrats, you just graduated…here is a tax tip:

Use part-year withholding to boost your paycheck and have less tax withheld.  The standard federal tax withholding tables assume you’ll earn a full year’s income when figuring how much income tax to take out.  The part-year method sets withholding according to what you’ll actually earn during the part of the year you’re on the job.  Individuals expecting to work 245 or fewer days in a year can ask their employers in writing to use this method.  If your employer agrees, you’ll have LESS TAX withheld from your paychecks. It’s better to have the cash now than wait for a refund in 2019.

*Kiplinger Tax Letter

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