Page 3 - Withholding Allowance News Today : Breaking News, Live Updates & Top Stories | Vimarsana

contribute more before the end the year. contributing to charity, another good way to reduce the tax bill. guest: it is the season of the question is, cash or something like stock? the reason you could thing of contributing appreciated stock is if you sole the stock yourself you would pay taxes on the earnings but if you give it to a charity and they sell it they are exempt so that is something to think about. and the new one year tax deal we are getting will cut all of our fay role taxes by 2 percent, that is the good news, however, sometimes you will have to go to your employer to make sure they are doing this otherwise you give uncle sam too much. guest: most will see higher paychecks, something very nice. but make sure your withholding allowance is appropriate. you do not want uncle sam having too much or he is making interest on your money throughout the year and open flip sigh you do not want to have them keep too little or you will owe more so now is a if

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