How Many Exemptions Should I Claim? A CFP explains Tax Withholding

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Did you have to pay extra on your taxes last year? It might be time to adjust your Tax Withholding for 2024. In this video, we'll guide you through the process of updating your Federal Tax Withholding by understanding how many exemptions you should claim.

Remember, the number of allowances you claim directly impacts your withholding tax. If you found yourself paying out of pocket last year, learn how to strategically lower your allowances to avoid the same mistake.
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