Adjust Withholding To Get Extra Money
I’ve written pretty extensively here about the different ways to get fast cash, so I can’t believe that I haven’t thought of this yet!
If you have a job and are having trouble making ends meet, adjust the withholding amount from your paycheck! It’s so simple, yet so overlooked. If you’re going to need this money on your next paycheck pay close attention to when your pay period starts and stops. You’ll need to discuss this with your HR or payroll department. The paperwork has to process in time to take effect on the next check. Adjusting your tax withholding amount can put a lot of money back into your paycheck.
To figure out how much, use this withholding calculator from the IRS.
Fast cash isn’t always free cash, and this is one of the not-so-free cases. Any money that you withhold from the Man will have to be paid when it’s tax time, so be ready to pay handsomely in April! The good thing though, is that the IRS doesn’t charge interest on your withholdings, and if you can’t afford to pay all of your taxes they have tons of different payment plans and options to help you out.
I’ve got to add a warning in here though. Dodging your bank or payday lender on money is one thing, but you can’t run from the IRS. They have the full power of the government to get the money that you owe them! This means that they can shut down your bank account, take your stuff, or do whatever they want to get themselves paid. There are a few things in life that you can’t really screw with, and the IRS is one of them.
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