By Louis DeNicola, Cheapism.com
It may be old news, but the end of the payroll tax holiday is an ongoing reality that affects everyone's paycheck. For an individual earning $50,000 a year, the two percent increase amounts to an extra $1,000 in taxes annually, the equivalent of $83.33 a month or $2.74 a day. For many taxpayers, that's enough to affect daily life. If you've had a little trouble adjusting to the 2013 tax increase, perhaps we can help you out.These helpful tips can lower your tax woes.
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The first and most commonly cited suggestion: Eliminate that expensive coffee habit. But anyone who enjoys a good cup o' Joe already knows the price and has decided it's well worth the cost. Indeed, there are certainly easier and more productive ways to offset the sting of the 2013 tax increase.
Start by looking at your basic monthly expenses, including mortgage or rent payments, cell phone bills, Internet and/or cable service, and the insurance policies you hold. TheseRead More »from Offsetting the 2013 Tax Increase