I just got a promotion at work with a significant pay increase. How do I make sure I don't get stuck with a huge debt to the IRS at the end of the year?
I'm married, I don't claim my kids on my W-4, I don't have many deductions, except my home interest payment and my student loan interest payment, and maybe now I can deduct expenses like cell phone and uniforms (I'm a nurse). I am putting 8% in a 401K that is pre-tax, but I might be able to add more now (it's not matched).
Any suggestions?