The holy grail why you receive a refund and why sometimes you have to pay a penalty.

Income Tax Withholding Control through your W-4 form
You can control how much you contribute to your taxes.

You do not have time to read through pile of tax forms, and magically discover how things changed.

That’s is why I am here. And if I can make this process easy for you to understand and help you take action on your long term goals; then there is something –both of us– can be proud.

The meat and bones of your income rely on 2 principles:

If you have too much tax withheld, you will receive a refund when you file your tax return.

If you have too little tax withheld, you will owe tax when you file your tax return and you might owe a penalty.

IRS.gov – Form W-4 (2019)

Directly from IRS forms I review daily. And yes, I have a team that helps me read through them and extract what is most essential for you.

Unfortunately, most find a change in their pay check or tax refund a little too late. I know you want to pay the right amount of taxes; no more, no less and that’s your right as an American.

What I want you to take away from this is:

  • You can control of how much you contribute to taxes through the W-4 form at any time.

If your financial status changed because of a new job, a second job, a promotion, or other, you can control how much you contribute at any time.

Remember, tax planning is not a one time event, set it and forget it, or one size fits all: It is actively building your future.

Cheers,

Team Jonie & Co

P.S

Don’t let external forces control your income. Take action now, ask questions, and control how you contribute.