It's Not About The Money

How to read a pay stub

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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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    It's Not About The MoneyBy Steve Nay and Tyler Smith