TAX TIP FOR RECENT COLLEGE GRADS WHO ARE STARTING A FULL-TIME JOB THIS SUMMER – FROM MY FAVORITE TAX ADVISORS, THE KIPLINGER TAX LETTER:

“Use part-year withholding to boost your paycheck and have less tax withheld. The standard federal tax withholding tables assume you’ll learn a full years income when figuring how much income tax to take out. The part-year method is for people who work 245 or fewer days in a year and sets withholding according to what you earn during the part of the year you are on the job. Ask your employer for this in writing.”

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