GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
There are plenty of money moves you want to make, some more exciting than others.
You might want to funnel extra cash into your emergency fund or debt repayment plans.
And yes, you may also be thinking about putting some aside for a fancy vacation.
In your excitement, youre probably not thinking about taxes.
Either way, the time to start planning is as soon as youve finished celebrating.
After some brief congratulations, its time to update key tax documents, like your W-4.
Is it tempting to temporarily keep your tax withholdings based on your old salary?
But its not worth the hit of being penalized for insufficient tax withholdings when tax season arrives.
You could use the extra income to pay down debt, contribute more to retirement, or invest.
That might mean attending an industry conference or joining a professional organization in your field.
More From GOBankingRates
Share This Article:
