Job and Income Changes

Whether you got a new job, received unemployment benefits, or started doing freelance work, having multiple sources of income during the year means you'll get multiple forms come tax time.

Depending on how much your income changed, you could be in a new tax bracket now. They can change slightly every year and depend on your filing status, but generally, the more income you have, the higher your tax rate.

If you got a new job, it's a great time to update your W-4 to make sure your withholding amounts are up to date with your current situation.