016 The Government is Not a Christmas Club Account for Taxes

Your Tax Teacher Feedburner ImageIn this week’s Your Tax Teacher Podcast, I discuss preparing for 2013 and the Form W-4. This tax form is used to determine the amount of the tax withheld based on the wages, number of exemptions, marital status.  Additionally, I discuss that the IRS is not a Christmas Club Savings Account nor are the States. Given the current state of their budgets, it may be months before tax refunds are issued for some States. The IRS is predicting that that it may be Mid-February or Mid-March before they can process some tax returns.

 The withholding calculator that I discussed in the podcast can be found at:



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