Preparing for Life Changes in 2024: Tax Implications and W-4 Updates

Dr. Friday Tax Tips
Dr. Friday Tax Tips
Preparing for Life Changes in 2024: Tax Implications and W-4 Updates
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In this episode of ‘Dr. Friday Tax Tips – One Minute Moment,’ Dr. Friday, president of Dr. Friday’s Tax and Financial Firm, discusses the significant tax implications of major life events occurring in 2024, such as childbirth, marriage, or divorce. She emphasizes the importance of updating your W-4 form to ensure the right amount of tax is withheld, thereby avoiding giving a large loan to the IRS or facing a hefty tax bill. Dr. Friday advises listeners to contact her for personalized guidance on managing these changes effectively. She also reminds listeners to tune in to her live call-in show every Saturday for more expert tax advice.

Transcript

G’day. I’m Dr. Friday president of Dr. Friday’s Tax and Financial Firm. To get more info go to www.drfriday.com. This is a one-minute moment.

Major changes for you in your life happening in 2024. Child coming, marriage, divorce, any of these could have huge changes. What you need to think about, do I need to update my W-4 form so I have more or less coming out? No one wants to give a loan to the IRS so you get this huge refund. That’s never a good idea, guys. But we also don’t wanna have to write a check to the IRS for a large amount. If you’re not sure if you’re doing all this right, first thing you need to do, pick up the phone and call me, 367-0819, or go to the web at drfriday.com. We’re here to help you.

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.