Taxes and you

Remember Uncle Sam
Your first professional job will probably bring in more money than you're accustomed to earning. But, you'll also notice a larger discrepancy between your gross income and net income. Here's what it means.

Links:
W-4 and withholding, The W-4 and its worksheet -- how to figure them out, Effective tax rate -- your personal tax bracket, What taxes will you pay in your state? Check out this state-by-state map , Guard your Social Security number

The first tax return
You may have filled out a tax return before as a student, but it probably was a simple form that involved no more record keeping than hanging on to a W-2. As your salary and investments increase, filing a tax return gets more involved. Plan over the year for the deductions you can take.

Links:
10 must-know tax terms, Tax basics -- filing your return, Common filing mistakes to avoid, Don't overlook deductions and credits, Your job-hunting expenses may be tax deductible, Ins-and-outs of home-office deductions, Advanced tax planning for a home-based business, Finding an accountant