30. Optimizing Tax Withholdings to Minimize Tax Time Surprises

In this episode, I discuss how to use your paystubs to optimize your tax withholdings to ensure you have proper cash flow throughout the year and aren't in for any surprises come tax time.

Time Stamps:

• 00:00-02:37: Intro
• 02:37-05:50: An Example
• 05:50-09:27: Why Would Withholdings Be Off?
• 09:27-13:51: The Impacts of Good Tax Planning
• 13:51-15:50: Wrap Up

Resources:

• ⁠2023 TurboTax Calculator⁠
• ⁠TurboTax W-4 Estimator⁠
• ⁠IRS Guidance on Estimated Tax Payments⁠

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Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠erik@baskinfp.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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