Should You Increase Income Tax Deductions Additional Tax On Your Paycheque

In this video you will learn why you should or shouldn't increase your income tax deductions. Employees can voluntarily take out additional taxes from their paycheque to try to get a bigger tax refund. Watch the video to find out why this may be a bad idea.

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CHAPTERS

0:00 Why do people increase their income tax deductions?
1:11 When should you increase income tax deductions?
2:05 Who shouldn't take out extra taxes from their paycheque?
2:35 What should you do instead of taking out additional taxes?
4:30 What if your saving for a long-term goal?