Aspiration Financial Services

You can get an employer identification number, or EIN, for free from the in minutes. Apply online: www.irs.gov/ein

For those needing help with their withholdings:

Steps to filling out the W-4

Step 1 is your filing status. You would enter Single/Married Filing Separately or Married Joint. If you would like a higher rate of taxes taken out, you could check the Single/MFS box even if you are married. I do not recommend checking the Head of Household as you may be under-withheld.

Step 2 is for Multiple Jobs or Spouse Works. You would check the box in 2c if there is another job on your return besides the one for which you are currently filling out the W-4. You would also check this box if you have a spouse with a job, investment income or you are owing at the end of the year even with your one job. This checkbox brings the withholdings back to the pre-2017 Tax Cuts and Jobs Acts withholding tables when the withholding was higher. I recommend checking this box.

Step 3 is for dependents. I recommend putting 0 in this box.

Step 4 is for other items. I recommend putting 0 in 4a and 4b. 4c is for extra withholding, a flat amount to take out of each paycheck. If you are already doing the above steps and still owing money, it would be a good idea to put an extra amount in this box that you would like withheld each payday.

If you are married, it would be a good idea to revisit your spouse's withholdings as well.

This isn't a one size fits all speak with your financial advisor to evaluate what works best for you.

Credit: Fagin EA

reminds self-employed and others making estimated tax payments of the fourth quarter deadline on January 15. More info here: https://ow.ly/LqRP50UBiAL

🎉 Tax Season Starts January 27th! 📅💰

The IRS officially opens the 2025 tax season on January 27, 2025—it’s time to get those documents ready and maximize your refund! ✅ Whether you’re filing early or taking your time, starting now gives you a head start on a stress-free tax season.

💡 Pro Tips for a Smooth Filing:
• Gather your W-2s, 1099s, and other income docs.
• Double-check for deductions and credits (they add up!).
• Choose a trusted tax professional or file securely online.

💼 Want expert help? We’re here to make tax filing easy and hassle-free. DM us or click the link in our bio to get started today!

Don’t wait—let’s make this your best tax season yet! 🌟