Khloee The Tax Plug

07/21/2026

🤏🏾

Living below your means may not impress strangers, but neither does begging your next paycheck to arrive early.

I’ve watched people earn great money and still feel broke because every dollar already had somewhere to go.

The car payment. The house payment. The credit cards. The subscriptions. The lifestyle they built to look successful.

And the numbers back that up.

Americans now carry about $18.8 TRILLION in household debt, including $1.25 trillion in credit card balances and nearly $1.7 trillion in auto loans.

About 7.1% of credit card debt and 3% of auto debt recently transitioned into serious delinquency.

The Federal Reserve also found that 45% of credit card holders carried a balance at some point last year, while 37% of adults couldn’t cover a $400 emergency using cash or its equivalent.

That’s not freedom.

I’d rather live a little cheaper, keep breathing room in the budget, and know one bad month won’t wreck everything.

There’s nothing luxurious about having nice stuff and no peace.

Real wealth is having options, cash flow, and the ability to sleep without doing math at 2 a.m.

07/02/2026

📢 Self-employed business owners, this one’s for you!

If you file a Schedule C for your business, make sure you apply for your FREE EIN (Employer Identification Number) if you don’t already have one.

When it’s time to file your tax return, be sure to provide your EIN to your tax preparer. Keeping your business information up to date helps ensure your return is filed accurately and keeps your business records organized.

Don’t wait until tax season—take care of it now! ✅

07/01/2026

🚨 It’s June… we’re already halfway through the year!

If you’re claiming EXEMPT or not having enough federal taxes withheld from your paycheck, now is the time to fix it—not at tax time.

Waiting until the end of the year could leave you with an unexpected tax bill instead of a refund.

Review your W-4, adjust your withholding if needed, and stay ahead. A few minutes now can save you a major headache later. 💰📋

06/02/2026

🚨 BABY IT’S JUNE NOW… REMOVE EXEMPT FROM YOUR W-4‼️ 🚨

If you claimed EXEMPT on your W-4 at the beginning of the year, now is the time to double-check it. 👀

A lot can change in 6 months:

✅ New job
✅ More income
✅ Side hustle started
✅ Filing status changed
✅ Dependents changed

Waiting until tax season to find out you owe the IRS is NOT the move. 😩

Take control NOW instead of being surprised later.

📌 Need help adjusting your W-4 the right way?

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Comment W4 if you need help figuring out your withholding.