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How Your Paycheck IMPACTS Your Tax REFUND ? Tax Withholdings FULLY Explained

Frames How Your Paycheck IMPACTS Your Tax REFUND ? Tax Withholdings FULLY Explained

Description How Your Paycheck IMPACTS Your Tax REFUND ? Tax Withholdings FULLY Explained

Comments How Your Paycheck IMPACTS Your Tax REFUND ? Tax Withholdings FULLY Explained

My friend told me that in the US, the government take a big chunk out of your paycheck for "taxes" brSo, you have to pay the government if you wanna work? In MX government don't do that But Cartel does Comment from : saul loredo

How do I figure my total tax number? Comment from : cendi garcia

so when you got witheld that is subtracted from the tax liability right Comment from : Dolores Tan

I advice all not to file any forms, know your rights The us gov is a criminal organization hiding behind a religion known as the us constitution Comment from : The Paraclete

All taxes are theft, the us gov is a criminal organization, and we don’t OWE them anythingbrbrStop voting, stop filing, it is all your money Comment from : The Paraclete

So claim 0 will make you get more income tax refund ? Or how can you make the withholding tax more? Thanks Comment from : Notnelc8 Quil

thank you man, really appreciated this clear info Comment from : Hamza Alaudi

Nice vid! Comment from : NICK_62

Should have discussed how they calculate federal withholding percentage per paycheck Comment from : steve mcneal

How does 401k and ESPP affect your tax return? I tried looking around on google but it just tells me the same generic info I keep getting Comment from : Menum Lor

Is there a standard percentage that I should withhold from each check? Like based on annual income? Example: Let’s say I make 50k annually, should I be withholding 5k by years end? Comment from : Nate A

only if tax and personal finance was taught in middle and high school there would be much more productive individuals in today’s society in my opintion Comment from : BlueDutchCigarillo420

KEEP UP THE GREAT WORK THANKS FOR THIS AWESOME VIDEO Comment from : Jessica Djedje

Thank you for your guidance Comment from : elena Martinez

Some people I know get only 80$ in tax return while another half of ppl I know get $1,000 in return I guess everyone’s withholdings are different Comment from : Nytellem

Thanks! this was really useful! Comment from : ahmad faiaz

Brooo!! Can you please make a new video and kinda explain it a bit more I’m still a bit confused Does it benefit me if I get extra money withheld from each paycheck? What’s the difference between ‘Deductions’ & ‘Extra Withholding’ Comment from : Almighty JoseTv

Question Coming into my new job, I still didn't know about W4 until now, so I guess I exempted taxes from my paychecks So Me right now doing taxes through TurboTax I have zero tax withheld on my W2 I usually do TurboTax myself, but never came across this till now brbr-How do I file my taxes now? There's a good sum of taxes due on the tip left screenbr-And also, what do I put in when it asks for Estimated Tax Payments? Comment from : Kris

Can you make a video on how does $100 on w4 line 6 affect my tax return and where do you get that number (on 1040 line 15) come from? Is that a tax bracket? Comment from : Gabriel Garcia

I'm ashamed to say how old I am and how long I've been in the workforce before really trying to get this info I felt that this stuff was too complicated and left it to professionals to process my returnsThank you for your video Comment from : Dorian Parpari

Keep up the great 👍 work I totally understand alot better about taxes because of your videos!! Thanks 😊 Comment from : Toni Flood

They aren’t taken state or fed out for me Comment from : Kremedelakreme

I was thinking paying zero taxes till the end of year and taking the portion out they take and putting it in savings to gain a small amount Can I do that? So others not paying any taxes till the end of the year? Comment from : Trevor Nash

Can you teach how to fill out taxes to start a tax business? Comment from : Diane Edouard

Thank you Thank you Comment from : Ban All CummieFace :o FakeMarketGurus from YouTube

This was great Thank you! Comment from : Daniel Jean-Toussaint

I really appreciate bDumpsgang/b on telegram for coming thru me, the cc works good just as u said I owe u my life niggga💯💯💯💯 Comment from : Chuni Jon

They do teach tax in school You were just not paying attention to teachers use your listening ears Comment from : ROTA

Could you make one of these videos for 1099’s? Comment from : Joe Doeodc

Mike, due to changes in 2020 tax code, we added an additional withholding for my wife but the net result was a decent increase in her take home pay According to the IRS calculator, I need to add a sizeable additional withholding to my W-4, but I'm trying to determine how it will impact my net pay Any suggestions on calculator tools that may assist? Comment from : Chris Worsham

Mike can you make a video on how to avoid a tax refundSome people get a big tax refund and it's the money they should have in their pockets already, therefore giving government an interest free loan Comment from : A

Question taxes we pay for the year, how do we find that amount for the current year? (Like your 2,900$ example before the year ends)brAlso, can we make allowance changes to w4 anytime of the year and if so because of what I’ve learned from you ima get more of a refund than I want, can I adjust w4 to no longer take taxes out for the year if I know I reached the taxes owed for the year like the 2,900$ example that you shared? Comment from : Cali Alcala

Not all heroes wear capes Keep up the great work! Comment from : UnTaimed

Another very good video I remember filling it out in my first summer job and didn't know anything about tax Since the summer job only lasts a summer but the withholding calculation assumes as if you are making the same pay for the entire year, tends to over withhold the tax It's very useful to know this at your first job and for people to not get intimidated with it It is just an estimate and numbers get corrected when the final tax form is being filed Comment from : emikami1

🐦 Comment from : Chewie 13

Keep up the good work! Im on Track to calculate my taxes Comment from : fathead fathead

@Money and Life TV ! I would like more videos about taxes and how best to maximize actual access to earnings ! Thanks for what you share Much appreciated! Comment from : Lucy Lu

Thank you for sharing Comment from : My frugal life

This video is needed for people entering the workforce I remember having to explain this to a new employee She wanted to opt out of paying Federal Withholding, Medicare and Social Security taxes Comment from : Lisa H ⭕

Mike, Good call on your part on the edit You 1st release had too much of your personal info Comment from : John William

Other videos related to this series that you might find helpful: br br youtube/Hp_kCkiboh0 - Preview of upcoming 2020 W-4 br br youtube/qKTYi2Xakx0 - How Tax Withholdings Work br br youtube/JB2J6XIt6xA - How to project your taxable Income br br youtube/Ud9PW4fhGg0 - IRS Withholdings Calculator Walkthrough Comment from : Money and Life TV

Thank you in advance for continuing to support the content I produce on this channel it means the world to me Please feel free to share this video with others, especially those who are just entering the work force If you want to see more videos in this particular series please Crush that LIKE button or drop a COMMENT below Thank you! Comment from : Money and Life TV

**I had to re-upload this video due to some additional edits that needed to be made Thank you to everyone looking out for me I really appreciate it more than you know Sorry for any confusion this may have caused Comment from : Money and Life TV

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