Student Loan Payments by Employer

Student Loan Payments by Employer

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…
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Restricted Stock Unit Taxes: Your W-2 & Everything Else You Should Know

Restricted Stock Unit Taxes: Your W-2 & Everything Else You Should Know

In 1999, Bonnie Brown saw an ad for an in-house masseuse position at a 40-employee startup business in Silicon Valley. It was a part-time job that paid $450 per week but also offered stock options. She figured these stock options might be worthless, but nevertheless accepted the job. It turns out that this tech startup was called Google, and Bonnie Brown became a multimillionaire 5 years later. Does your company compensate you with RSUs (Restricted Stock Units)? If so, you have some decisions to make. Just don’t hold your breath about becoming a multimillionaire based on options alone — be…
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How to Fill Out Form W-4

How to Fill Out Form W-4

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…
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