Before the end of the year, it’s a good idea to review your pay stubs to make sure everything appears to be accurate. It’s always easier to fix things before year-end payroll reports are filed and W-2 forms are issued. There’s still time left in the year to make changes and avoid issues.
Some common areas to review include:
-Make sure your address is up-to-date
-Make sure your employer is withholding state and local taxes for the correct jurisdictions
-See if you’re on track to max-out retirement plan contributions and other benefits your employer offers
-Ensure wage & withholding amounts are accurate and there aren’t any glaring errors
Contact me to discuss this topic in further detail
Please note: the information on this website is intended to provide general advice to start the discussion with your tax professional. The information on this website may not apply to your specific situation. Only an experienced professional with the details of your specific situation can advise you on making the best decision. Contact me or your tax professional to discuss the information on this site to make an informed decision.