Employees

Does your employer know that they can pay down up to $5,250 of your student loans annually, without increasing your income taxes? This is the kind of benefit that really helps employees and many employers wouldn’t mind chipping in, so it’s certainly the kind of thing that more people should know about! Let’s start by covering essential information about the CARES Act that created this benefit, as well as some practicalities of the benefit itself, before discussing some other education-related benefits that may help. What is the CARES Act? The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) that…

Do you remember that form you filled out when you were hired onto your current job? You know, the boring one with all the numbers and confusing directions. Okay, there are a lot of forms like that. We’re specifically talking about one form in particular, called Form W-4. This form is used to adjust your withholding during the year, and it’s a form that every employee fills out at the start of a new job. https://youtu.be/Xqlqb_XhX0Q What Is Withholding? Before we get into the specifics of Form W-4, it might be helpful for us to explain what withholding is. Do…