First paycheck

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Matt 💰 Personal Finance + Investing on Instagram: "Could you name every line item on your paycheck?!? 

If not, this post is for YOU. Many people are paid as traditional W2 employees, yet so many don't know exactly where their paycheck is going. 

I think most of us had this realization when we started working - we thought we would be getting paid a certain amount, then we saw our first paycheck and got sad seeing that it was LESS than was expected.

This isn't a post about what taxes and withholdings SHOULD be, just what they are! These will vary depending on what state and municipality you live in, but the core of it will be similar for most jobs in the U.S. It would be impossible to include EVERY possible deduction, so I tried to call out the most common ones.

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Matt 💰 Personal Finance + Investing on Instagram: "Could you name every line item on your paycheck?!? If not, this post is for YOU. Many people are paid as traditional W2 employees, yet so many don't know exactly where their paycheck is going. I think most of us had this realization when we started working - we thought we would be getting paid a certain amount, then we saw our first paycheck and got sad seeing that it was LESS than was expected. This isn't a post about what taxes and…

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