Tax Withholding as Forced Savings

What is it? You work, you receive a regular paycheck, and your employer withholds a portion of your earnings to pay federal income taxes. The amount your employer withholds is based on your filing status and number of exemptions you claimed on your W-4 form. You hate to pay taxes at the end of the year, so last year you claimed fewer exemptions than those to which you were entitled.…  Read more

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