New Years Resolution, Withholding Calculator 2015

New Years Resolution - More Take Home Pay All Year Long

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Pennies add up, small change saved can give enough for an extra few dollars in the gas tank, or a cheap meala married couple with no children, claim 2 exemptions on your W-4, take more money home each pay periodPaying interest on your own spent earnings is crazy when you are giving extra earnings to the U.S. Treasury, and not earning a single penny in interest.
Pennies add up, small change saved can give enough for an extra few dollars in the gas tank, or a cheap meal
Pennies add up, small change saved can give enough for an extra few dollars in the gas tank, or a cheap meal | Source
a married couple with no children, claim 2 exemptions on your W-4, take more money home each pay period
a married couple with no children, claim 2 exemptions on your W-4, take more money home each pay period | Source
Paying interest on your own spent earnings is crazy when you are giving extra earnings to the U.S. Treasury, and not earning a single penny in interest.
Paying interest on your own spent earnings is crazy when you are giving extra earnings to the U.S. Treasury, and not earning a single penny in interest. | Source

New Year's Resolution, Calculate Tax Withholding Correctly

Throughout the year we act in ways that we may regret, or do not make any actions that make us feel good about ourselves.

One time per year we stand at the end of an entire year looking forward to the next. We make resolutions and promises to ourselves...on that one day.

Tax withholding from our North American earnings is something we participate in 52 weeks, or 12 months per year.

Resolutions, and life changes are daily, weekly, and monthly movements.

Instead of putting all of this pressure on one day, or such a small period of time, spread it out, make or change habits over larger periods of time.

By handling resolutions in this manner will make greater changes, and more solid plans for our lives. we will be more successful and feel less disparaging when we fail, or hit a bump.

With many small victories, a few set backs are just that, a set back, not failure.


Resolution - Help North American Taxpayers Use Their Money

Taxpayers stop using their Federal Withholding as a savings account, Using the US Treasury / I.R.S. as a savings plan, hoping for a larger refund in January is detrimental to the average wage earner.

By calculating the withholding closer to the actual tax liability, or -0- owed, -0- refunded, this will increase in-hand income for each pay period through the year.

Then, taxpayers have more purchasing power, and can better meet their own needs.

Use the IRS Withholding Calculator to determine your actual tax burden and withhold as close to zero as possible.

  • www . irs . gov
  • Individual
  • 5th Paragraph down the page
  • Why live on credit paying interest to use your own money?
  • Over withholding is what many hard working people do all year.
  • They store their hard earned money at the US Treasury where they do not earn one cent of interest.
  • They lose their own consumer spending power, while paying at least 21% interest, paying credit card companies to use their own money.



How To Fill Out Your W-4 Form Correctly

Do not save life resolutions for only one day per year, break it up into bite size pieces

  1. New Year's Resolutions saved for one night per year, is an overwhelming agenda.
  2. By making short, medium and long term goals monthly and annually, coming to a New Year's resolution need be only a small thing such as a choice between a gym membership, or a pact to walk your dog 3 times per day.
  3. Why live all year with no desire to change or improve? If we live for Resolution in bite sized goals, we have more success, which generates more positive energy, and power to make big changes.


Take Control of Your Earnings - Withhold Correctly

By taking control of your income, and managing your tax withholding, this will give you more money and power when it comes to using your own money Interest Free!

Credit is not extra money.

Credit is not a good thing to rely on in an emergency.

New Years or Life Resolutions, to make a positive difference

One of Chief Anderson's classes
One of Chief Anderson's classes | Source

Happy New Year 2015 & Beyond

  • Give yourself a break, don't make an entire years worth of goals in one night
  • Pay yourself.
  • Stop living on credit, while loaning the US Treasury thousands interest free all year.
  • Goals are like baby steps or 12 steps, One day at a time
  • Small goals = Medium results, Small and Medium accomplishment are the fuel for success
  • In 52 weeks, 7 failures = 47 successes.
  • Goal setting and taxes, make 2013 a year to be easier on yourself, and accomplish more

Lilly wants to wish every person or creature who reads this the very best in the year to come. Lilly has powerful personal goals, that she will accomplish, and knows that it will be side by side with many of those who read this. Let's do this...

Taxes. Lilly has over withheld this year, because she withheld her 90% of tax liability for last year. Lilly has had unexpected,and multiple changes to her income this year.

Make goals, get more of your own money, be fruitful, and have fun. Happy New Year

citations and credits

Dec 30, 2010, Chief Master Anderson Tae Kwan Do Center, Little Rock, AR®©

© 2010 Lori J Latimer

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Comments 20 comments

katiem2 profile image

katiem2 5 years ago from I'm outta here

I like this concept a lot! Very practical and honest. Oh how great it would be if people did the good in their life as they pay taxes regular and consistent! Whew we'd all be far better off.

Lilly this is a great concept indeed. I love the way you think, share and help us make our lives better! :) Katie


Debby Bruck profile image

Debby Bruck 5 years ago

Dear Lily ~ Thanks for exploring making a 'financial' annual resolution. This great idea for those who want to keep within their budget requires planning, which requires putting the idea down on your personal list. Happy New Year. Love, Debby

P.S. appreciate this take off from my Feed Question


prasetio30 profile image

prasetio30 5 years ago from malang-indonesia

You made my day so colorful with this hub. I need refreshment in 2011. I hope 2011 become the best year for us. I am glad to follow your resolution. I have to be a new person with better personality and struggle to achieve my dream. Rating up. Thank yo very much. Happy New Year!

Prasetio:)


LillyGrillzit profile image

LillyGrillzit 5 years ago from The River Valley, Arkansas Author

Ms. Katiem2, Debby Bruck and prasetio30 all in a row is like getting the entire triple pack of the Ferrero Rocher Choclates, wrapped with gold foil. What a treat!

Ms Katiem thank you for being the first to comment. Thank you for you kind comments and encouragement. I hope I don't come off too smarmy or like I'm a good two-shoes, I am perhaps an idealist. I look forward to being mad about paying in taxes as a self-employed person, but I do know tax law, so it won't be as brutal. Thanks Ms Katie.

Ms Debby, you started this! I got my HubPages newsletter for the week, and they featured this question. I have a personal goal and I am taking them as they come. Your Question inspired me completely!

prasetio30, I am happy to bring you a feeling of refreshment and new and goodness for the New Year. Thank you for reading and rating up! The very best to all of you guys! :0)


Sweetsusieg profile image

Sweetsusieg 5 years ago from Michigan

I'm trying to figure out my goals for this year. Right now I have 2 goals. Buy and install an electric stove, this will allow me to cook more since currently I used propane, not only is the price thru the roof BUT when I run out in the middle of the week I have to wait to get more.. The 2nd goal is to utilize my savings account BRUTALLY... my 2 youngest have deemed it worthy to pay me rent (they are both over the age of 18) part of that will go into my savings. My earnings here on HubPages will go into another account... to be saved as well.. GO ME!!

For me having goals... well it's something new I'm trying rather than let the chips fall as they may.

Thanks for making me think!!


LillyGrillzit profile image

LillyGrillzit 5 years ago from The River Valley, Arkansas Author

Sweetsusieg Thanks for the read and thoughtful comments. Knowing you, you will get the first one knocked out. The second too...Next year at this time, we will look back and be thankful where we are then and how far we came from now. 2011 and beyond. 12.30.10


MartieCoetser profile image

MartieCoetser 5 years ago from South Africa

I take my hat off for people like Chief Master Anderson. Napoleon Hill is one of my most favourite wise men. I obey his laws with great success. Taxes are an issue I ignore until I get a last warning to submit my forms. Thanks so much for your best wishes, Lily. My wish for you, too, is only prosperity for 2011 and beyond. Enjoy this last day of 2010.


LillyGrillzit profile image

LillyGrillzit 5 years ago from The River Valley, Arkansas Author

Dearest Martie, Thank you very much for this read. It seems as if many Hubbers are parts of mastermind groups here. It is a thrill each time I learn someone else has been affected by this very profitable way of thinking. :0) Thank you for the blessing words and well wishes, I accept happily each one! Happy new years eve. The last of 2010.


TattoGuy 5 years ago

Happy New Year Lilly x


LillyGrillzit profile image

LillyGrillzit 5 years ago from The River Valley, Arkansas Author

Happiest of New Years to you!


BobbiRant profile image

BobbiRant 5 years ago from New York

A most Happy New Year and a big tax windfall to you also in 2011 my Dear. Great hub.


LillyGrillzit profile image

LillyGrillzit 5 years ago from The River Valley, Arkansas Author

Thank you very much BobbiRant, Ready! :0) Thank you!


Ingenira profile image

Ingenira 5 years ago

A great new year resolution indeed that makes a great hub. Happy New Year, Lilly !


LillyGrillzit profile image

LillyGrillzit 5 years ago from The River Valley, Arkansas Author

Ingenira, Thank You! The best for 2011! Thanks for the read, and nice comments.


cheaptrick profile image

cheaptrick 5 years ago from the bridge of sighs

Money money money huh Lil.I wish I could go on a long long sailing adventure this time of year.Imagine multiple projects employing Many people with different tax situations and the whole mess falls right into my lap...every year[not to mention all the changes that have come down].I don't think Tod[our money guy] and I have been out of the office for more than four or five hours a day during the last five weeks.This is the first time I've been able to do more than glance at my friends hubs.Thanks for reading my latest piece,it's the hardest thing I've ever written.I'm so so sorry I haven't visited more but Ive been very busy.Well laid out hub with lots of good info.Voted up and useful!

Dean x


Granny's House profile image

Granny's House 5 years ago from Older and Hopefully Wiser Time

Lilly, as always another great hub full of good advice. Keep them coming.


LillyGrillzit profile image

LillyGrillzit 5 years ago from The River Valley, Arkansas Author

@Granny's House, thank you!


LillyGrillzit profile image

LillyGrillzit 5 years ago from The River Valley, Arkansas Author

@cheaptrick, I am sorry for not responding to you personally, I understand about getting behind, I read all my following Hubs from September, until about the time I responded to your Hub.:0) You will have lots of material when you get a chance to write here again/more. The very best cheaptrick, :0) Thanks for popping by for such a nice comment too!


chan0512 profile image

chan0512 5 years ago from Camarillo, CA

Lilly,

Great idea and article as always! Great picture too .. Voted up and shared. Thanks for sharing.


LillyGrillzit profile image

LillyGrillzit 5 years ago from The River Valley, Arkansas Author

@chan0512! An honor, I am sure. You are the big money guy, I pinch the pennies...LOL. thank you for the votes and share!!

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