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Your paycheck has important information, but apart from paydays, you may not think about it too often.
If youre on autopilot with your paycheck, you may be missing or forgetting aboutmoneyadjustments worth considering.
Dont worry if you arent sure what you should review or what adjustments you should make.
We have a list of paycheck adjustmentsyou can make every spring to help you get started.
Withholding parameters
Theincome tax withheldfrom your paycheck is calculated based on your withholding parameters.
If your marital status changed in the past year, consider updating your Form W-4 to reflect this.
The balance due may be because of incorrect or outdated information on your Form W-4.
However, another important thought should be about where your money goes.
Most people have their paychecks directly deposited into theirchecking accounts.
Unfortunately, leaving your money there typically doesnt pay well.
You likely move funds from your checking account to a savings or brokerage account with higher yield rates.
Your paycheck should also go up annually to keep up withrising prices.
If you havent done that, this spring is the perfect time to check.
Turn off autopilot and consider these paycheck adjustments you might make every spring.
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