Happy weekend everyone! I come to you with a guest post about our favorite subject in the world to talk about. That’s right, taxes!
As insanely complex as our tax system is, knowing as much as you can about how it all works is the key to minimizing overpaying for your tax burden. In general, the more you know, the less you pay.
In this article, I talk about the importance of setting up your withholding so you aren’t giving the government an interest-free loan throughout the year. I also discuss how to reduce your taxable income through retirement contributions and also touch on the seemingly endless supply of tax credits and deductions that too many people simply aren’t aware of.
Steve is a 38-year-old early retiree who writes about the intersection of happiness and financial independence. Steve is a regular contributor to MarketWatch, CNBC, and The Ladders. He lives full-time in his 30′ Airstream Classic and travels the country with his wife Courtney and two rescued dogs.