Things you learn when you switch jobs…

Something I learned recently, but wouldn’t think of it before  coming across that article…

That’s about taxes. Apparently, when you pay your income taxes, not all  of them take into account all of your income. For example, there’s a cap for the social security tax (for more info, look at the Social Security Administration site).

So note to self: When you do your taxes next year, pay attention, if you have taxes you overpaid make sure to claim them as credit (or verify that your tax software/accountant do that for you).

For more info look here: http://www.mymoneyblog.com/multiple-jobs-dont-overpay-social-security-tax.html

Your Little Advisor

PS: Make sure you get a professional advice on any tax issue, my blog is certainly not an up-to-date tax-related reference.

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