Work and income

Get paid what you are worth, use your benefits and handle taxes when you work for yourself.

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Work and income
10 lessons
Get paid what you are worth, use your benefits and handle taxes when you work for yourself.
Your job
Negotiate your salaryResearch the range, then counter with one number.Compare job offersFull yearly value, not the salary line.Open enrollmentCompare total cost, re-elect your FSA, check beneficiaries.Use a raise wellSave half the raise before you get used to it.
Working for yourself
W-2 vs 1099Who withholds the tax, and who pays both halves.Self-employment tax15.3% of 92.35% of your profit, paid quarterly.Quarterly estimated taxesFour payments a year when nobody withholds for you.Self-employed retirementYour own 401(k) or SEP IRA, and how much fits.
Between jobs
After a layoffThe first-week money checklist after losing a job.Unemployment benefitsWho qualifies, how much, how long, and the taxes.