What Taxes Are Taken Out of Your Paycheck?

3 months ago
45

JOIN THE TAX-FREE WEALTH CHALLENGE! AUGUST 4-8, 2025
https://join.taxalchemy.com/join-thechallenge

Book a Professional Tax Assessment Call â–¶ https://start.taxalchemy.com/consultation?utm_source=youtube&utm_medium=description&utm_campaign=kd290_taxes_taken_out_of_paycheck

Cost Segregation Tax Savings Calculator â–¶ https://taxalchemy.com/cost-segregation-calculator?utm_source=youtube&utm_medium=description&utm_campaign=kd290_taxes_taken_out_of_paycheck

Download the Short-Term Rental Rule E-Book! â–¶ https://ebook.taxalchemy.com/?utm_source=youtube&utm_medium=description&utm_campaign=kd290_taxes_taken_out_of_paycheck

We earn commissions when you shop through the links below.

Get Help Setting up Your LLC, Now â–¶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink=&afftrack=

Everybody loves to get paid. However, there are a lot of taxes that get taken out of paychecks. Unfortunately, many people have no idea what these taxes are or how they work. As a result, there is a lot of confusion around what taxes are taken out of paychecks. This can lead people to wonder if the amount they receive in their paychecks is actually accurate.

In this video, tax expert Karlton Dennis explains all of the different taxes that get taken out of paychecks. He also explains why these taxes exist, the amounts that are typically taken out, and how they affect overall taxation in America. Considering the fact that there are tens of millions of W-2 workers in the United States, this is an important topic.

People who have a better understanding of the taxes that will be taken out of their paychecks are able to budget their expenses more effectively. Knowing what to expect from a tax perspective can also be useful when crafting advanced tax strategies that can help to reduce tax burden.

CHAPTERS:
0:00 Intro
0:14 How Much Money Gets Taken Out of Your Paycheck?
0:43 Tax #1: Federal Income Tax
1:19 Tax #2: State Income Tax
2:06 Tax #3: Social Security Tax
3:14 Tax #4: Medicare Tax
4:16 Tax #5: Local Taxes
5:22 Other Payroll Withholdings
5:37 401(k) Contributions
6:21 Health Insurance Premiums
6:54 HSA Contributions
7:41 Union Dues
8:14 Tax-Free Wealth Challenge - August 2025 Promo
8:41 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#taxwithholding #paychecktaxes #taxplanning

Loading 2 comments...