home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
The World of Computer Software
/
World_Of_Computer_Software-02-387-Vol-3of3.iso
/
t
/
taxest93.zip
/
TIPS.TXT
< prev
next >
Wrap
Text File
|
1993-03-05
|
2KB
|
24 lines
╔════════════════════════════════════════════════════════════════════════════╗
║ ▓▓▒▒░░░░▒▒▓▓ T A X E S T I M A T O R Version 1993 ▓▓▒▒░░▓▓▒▒░░ ║
╠════════════════════════════════════════════════════════════════════════════╣
║ T A X T I P S: ║
║ ║
║ 1) Press escape and save your worksheet (so you can update any changes). ║
║ 2) Fine tune the figures as close to reality as possible (tax amounts ║
║ can change significantly, if your figures are off by many $100's). ║
║ 3) It is probably best to be conservative (overestimate on income and ║
║ underestimate on deductions or tax payments). ║
║ 4) Don't forget to adjust for pay raises during the year. ║
║ 5) If you are unsure about itemizing, go with the standard deduction. ║
║ 6) Adjustments to income are good to reduce income, while tax credits ║
║ are even better because they are a dollar for dollar tax reduction. ║
║ Investigate what adjustments and tax credits you may have. ║
║ 7) If you have a tax payment due, you may pay estimated tax payments ║
║ (paid quarterly) OR you can increase your withholding on the W-4. ║
║ The best way to calculate the withholding increase is to use one of ║
║ the tax withholding or credit lines and input the number of paychecks ║
║ left this year and input an amount per pay until the tax is zero. ║
║ ║
╚════════════════════════════════════════════════════════════════════════════╝