Tips for Checking Your Paycheck in 2024

<p>Key Takeaways:</p> <ol><li style="font-weight:400;">Review your paycheck at the beginning of the year to ensure accuracy and maximize tax savings.</li> <li style="font-weight:400;">Understand the various codes and deductions on your paycheck to ensure proper withholding.</li> <li style="font-weight:400;">Seek help from HR, your employer, or a CPA if you need assistance understanding your paycheck.</li> <li style="font-weight:400;">Take advantage of pre-tax deductions to reduce your taxable income and maximize benefits.</li> </ol><p> </p> <p>Chapters: </p> <p>Timestamp Summary</p> <p>[0:00:05] Introduction of Philip Washington, Jr. as a registered investment advisor.</p> <p>[0:00:08] Disclaimer about the information presented in the podcast.</p> <p>[0:00:31] Reminder that past performance is not indicative of future performance.</p> <p>[0:00:38] Introduction of Allison Rife Martin, CPA Extraordinaire.</p> <p>[0:01:15] Discussion about planning for taxes and making gingerbread cookies.</p> <p>[0:02:12] Importance of checking paychecks for accuracy and benefits enrollment.</p> <p>[0:04:14] Ways to understand and read paychecks, including consulting HR or a CPA.</p> <p>[0:06:25] Suggestions for using payroll calculators or YouTube videos to understand paychecks.</p> <p>[0:09:03] Importance of checking pay stubs for deferred compensation or additional income.</p> <p>[0:10:54] Contact information for Allison Rife Martin.</p> <p>[0:11:37] Philip Washington, Jr. is a registered investment advisor.</p> <p>[0:11:41] Information presented is for educational purposes only.</p> <p>[0:11:41] No offer or solicitation for the sale or purchase of securities.</p> <p>[0:11:41] Investments involve risk and are not guaranteed.</p> <p>[0:11:41] Consult with a qualified financial advisor and tax professional.</p> <p>[0:12:04] Past performance is not indicative of future performance.</p> <p> </p> <p>Powered by<a href='https://www.reiffmartincpa.com/'> ReiffMartin CPA</a> and<a href='https://stonehillwealthmanagement.com/'> Stone Hi