How to read a pay stub
from It's Not About The Money Hosted by Steve Nay and Tyler Smith
Reading a pay stub can be confusing. What are all the things that get taken out before the money hits your bank account? Let’s go through the most common line items on a pay stub and explain what they mean, which ones you can adjust, and how they affect your tax refund. IRS withholding calculator: https://apps.irs.gov/app/tax-withholding-estimator (00:00) - A spreadsheet of pay stubs (05:02) - Federal income tax withholding (06:47) - Social Security and Medicare (09:28) - State and local taxes (11:57) - Other pre- and post-tax deductions (14:06) - What percentage are you actually taking home? (16:59) - How and when to adjust your federal tax withholding --- Steve Nay: https://daybreaktax.com/ https://www.linkedin.com/in/nsteven/ Tyler Smith: https://www.tylersmith.io/ https://www.linkedin.com/in/tylersmith-io/
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