Realize Tax Savings Sooner

Realize Tax Savings Sooner

Increase Allowancespng

A homeowner’s tax saving benefit is generally realized when they file their federal income tax return after the money has been spent for the interest and property taxes.  Some people look forward to the refund as a means of forced savings but some people need to realize the savings during the year. It is possible to adjust the deductions being withheld from the homeowner’s salary so they realize the benefit of the savings prior to filing their tax returns in the form of more money in their pay checks.  Employees would talk to their employers about increasing their deductions stated on their W-4 form. By increasing the exemptions or deductions, less is taken out of the check and the employee will receive more in each pay check.  If a person over-estimates their exemptions and therefore, underpays their income tax, they might incur interest and would have additional tax to pay when they filed their tax return.

Buyers considering this strategy should seek tax advice and discuss it with their human relations department at work.   Additional information is available on the Internal Revenue Service website about Completing Form w-4 and Worksheets.


Lisa Hayden Headshot
Author:
Phone: 941-730-3102
Dated: November 11th 2014
Views: 675
About Lisa: I am a Michigan native but call Sarasota “Home” for the last 8 plus years and have proven to be ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Why I Love Sarasota - Derived from the Spanish term
Must See Siesta Key Beaches For An Exciting Vacation - View this live cam in Siesta Beach
Builders Give Firsttime Buyers A Second Look - Homebuilders that traditionally
12 Florida MasterPlanned Communities Make Top 50 List 2020 - The John Burns Real Estate

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

The Exit Realty Group
8728 E. State Road 70
Bradenton, FL
941-584-5821
941-755-6021

Other Locations