How Many Deductions Should You Actually Take on Your Taxes?

Here's what you need to know to make sure you owe the least amount of money to (or get a nice healthy return from) the IRS.

by FREE Staff
Mar 2 2018, 7:45pm

This video was created with GEICO.

Clocking how much cash is withheld from your monthly (or bi-monthly) paycheck to fund social security, health insurance, as well as federal and state taxes can be a total drag. But tax season is when that depressing number can actually take on a positive light.

In this episode of Tax Spa, we'll run you through the basics of your withholdings as a full-time employee and explain how many deductions you should actually be taking so that you don't get surprised with a costly bill from the IRS come April.