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  Invest in yourself -- 20s
Teens 20s 30s 40s 50s 60s 70s+ Home

Remember Uncle Sam

As you gain experience, let's hope your salary increases. Find out what your tax obligations are, so you'll be in a better position to keep more of the earnings in your pocket.

Links:
W-4 and withholding, The W-4 and its worksheet -- how to figure them out, Effective tax rate -- your personal tax bracket, State income, personal and sales taxes levied, How to adjust your withholding, Guard your Social Security number

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The tax return
As your salary and investments increase, filing a tax return involves more record keeping than hanging on to a W-2. Plan over the year for the deductions you can take.

Links:
10 must-know tax terms, Basics on taxes -- Filing your return, Hassle-free tax record keeping, Common filing mistakes to avoid, Don't overlook deductions and credits, How to find an accountant, Your job hunting expenses may be tax deductible, Ins-and-outs of home office deductions, Advanced tax planning for a home-based business, Your changing tax life, Haunted by the marriage penalty

 

-- Posted: Jan. 20, 2003

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