Challenge for Week April 10th - April 16th
This week, use the tax return you just filed to help you plan your taxes for next year. The larger your refund, the more you overpay in taxes every month. In order to achieve the goal of filing a tax return where you get a minimal refund, you'll need to plan this year's taxes in advance.
Fortunately, almost everything you need to plan next year's taxes can be found on this year's 1040. "Stop Overpaying Your Taxes" will help you understand how to use this year's return to plan for next year. And how to use your withholdings at work to reduce your tax over-payment and give yourself a boost to your paycheck.