This is the last ADD Management Guide for 2011! When we return in 2012, it will be with a brand new website, and a totally revamped newsletter will soon follow. We’ve been working very hard to create the new site, which will be “Your Go-to Guide for Managing Adult ADHD.” I’ll be writing you when it launches on January 1, so keep a look out!
In the meantime, this is a great time to talk about the coming New Year, and how to start it out on the right foot.
2012 is just 5 days away. And before you jump into the new year with all sorts of thoughts about resolutions and changes you want to make, it’s important to first take time to reflect on the year that has passed.
As the New Year approaches, we often find ourselves thinking about all the things we didn’t accomplish the prior year, and we vow to accomplish them next year. Few of us take the time to reflect on the past year and look at our successes and the experiences that we have learned from.
So here’s a coaching exercise that will help you reflect on what’s really important to you, and create meaningful intentions for 2012. It is this kind of self-awareness that ultimately leads to action in the areas of your life that are most important to you.
To do this coaching exercise, set aside 15-30 minutes to think about, write about, or talk about your answers to the following questions:
Looking back on 2011…
Looking forward in 2012…
Looking at yourself…
Would you like to share what comes up for you in this coaching exercise? If so, please feel free to post your thoughts and reflections on my blog! http://www.experiencingaddvantages.com/2011/12/how-to-start-the-new-year-right.html#comments
Here’s an article from Carleen, Accountant (AKA Bean Counter for the Arts).
How will the Making Work Pay tax credit affect you?
Most wage earners will benefit immediately — or already have — with a larger paycheck as a result of the changes made to the federal income tax withholding tables to implement the Making Work Pay tax credit. Some people may find that the changes built into the withholding tables result in less tax being withheld than they prefer.
If you’re not eligible for the Making Work Pay tax credit, withholding changes could mean a smaller refund next spring. A limited number of people, including those who usually receive very small refunds, could in some situations owe a small amount rather than receiving a refund. Those who should pay particular attention to their withholding include:
• Pensioners (see more information under Pensioners, below)
• Married couples with two incomes
• Individuals with multiple jobs
• Some Social Security recipients who work
• Workers without valid Social Security numbers
The Making Work Pay tax credit, normally a maximum of $400 for working individuals and $800 for working married couples, is reduced by the amount of any Economic Recovery Payment ($250 per eligible recipient of Social Security, Supplemental Security Income, Railroad Retirement or Veteran’s benefits) or Special Credit for Certain Government Retirees ($250 per eligible federal or state retiree) that you receive. If you are affected by this reduction, you should review your withholding to ensure that sufficient funds have been withheld to meet your tax obligation.
If you believe your current withholding is not appropriate for your personal situation, you can perform a quick check using the IRS withholding calculator. If you are not familiar with the withholding calculator, watch this IRS how-to video for instructions. When you have determined your correct withholding, make any adjustments by filing a revised Form W-4, Employee’s Withholding Allowance Certificate, with your employer.
Here’s an MP3 to listen to about this: http://www.irs.gov/pub/newsroom/marketing/internet/making_work_pay_tax_credit_general.mp3