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 Taxes
and you
By
Bankrate.com
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
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