How Do I Adjust My Tax Withholding

Posted on March 2, 2011 by Leasa Magnuson in Individual Tax

This time of year when I meet with clients I hear the same request over and over again, “Please get me a large refund”. I find it amusing that the same people who dislike paying taxes are willing to let the government have an interest free loan throughout the year in order for a large […]

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Taxpayers Face Increased Withholding Despite 2% Payroll Tax Cut

Posted on February 23, 2011 by Leasa Magnuson in Individual Tax, Uncategorized

One of the most prominent features of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 is the one-year “payroll tax holiday” for 2011—a two-percentage-point reduction in payroll tax for employees. According to an IRS news release, this reduction will cause the take-home pay of millions of workers to increase in 2011.However, […]

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