Lesson 1, Topic 1
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5. Increasing Your Cash Flow

Disclaimer: We apologize in advance for any grammatical and spelling errors in the slides.

About this module

In this module, I’m going to review a simple strategy you can implement to increase your net take home pay assuming you’re working a traditional job. This strategy is specifically for traditional W-2 employees that have taxes withheld on their paycheck. If you’re self-employed or a 1099 independent contractor then this strategy will not apply to you.

  • Big refund big tax bill 
  • W-4 Form explained 
  • Why people overpay in taxes 
  • Allowance vs exemptions 
  • How to update your W-4 Form
  • Projecting your Cash Flow Increase 
  • IRS withholding calculator

Resources

Full Video Transcript