Administrator
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$40,000 After Taxes in Ohio
Ohio exempts the first $26,050 from state tax, but your city taxes from dollar one. At $40,000 the municipal bill can exceed the state bill.
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Pre-Tax vs Post-Tax Deductions: Which Election Saves More
Not every pre-tax deduction dodges the same taxes, one of them became mandatory post-tax this year, and when a paycheck cannot cover everything the order is not up to your employer. The decision guide, with…
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The Underpayment Penalty Is Not a Fine. Here Is How It Works
The underpayment penalty is interest, not a fine, and smaller than people fear. The three safe harbours, why timing costs more than amount, and the withholding rescue.
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$200,000 After Taxes in Illinois
Illinois treats a $200,000 salary gently, then applies an estate tax from just $4 million. Here is the full picture at this income.
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$150,000 After Taxes in Illinois
Illinois locks its flat rate into the state constitution, so a $150,000 earner pays the same percentage as a $40,000 one. Here is what that means.
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You Got a Letter From the IRS. What It Probably Means
Most IRS letters are computer generated, propose rather than impose, and often overstate what you owe. What the common notices mean, the deadlines, and how to respond.
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$100,000 After Taxes in Illinois
A $100,000 Illinois salary meets a moderate flat income tax and the second highest property tax rate in the country. Here is how the two compare.
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$80,000 After Taxes in Illinois
Illinois deducts your 401(k) contribution going in and exempts the withdrawal coming out. Here is what that double benefit is worth on an $80,000 salary.
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The Roth Catch-Up Rule, Seven Months In: What It Did to Paychecks
Catch-up contributions became mandatory Roth for higher earners in January. Who it caught, what it did to net pay, and the plan design trap that blocked catch-up entirely.
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$70,000 After Taxes in Illinois
Chicago is one of the few big US cities with no local income tax. Here is what a $70,000 Illinois salary keeps, and where the city collects instead.