Answer from Barbara Weltman of The J.K Lasser Institute: Fixing wage withholding to cover projected taxes for the year is never easy. You don't want to underwithhold, because you'll have to come up with a large tax payment at filing time and could be subject to underpayment penalties. And you don't want to overwithhold, because this is effectively making an interest-free loan to the government; you have to wait until you file your return to get back your own money. One way to help with withholding is to use the IRS calculator for this purpose. If withholding is insufficient, consider also making quarterly estimated tax payments. And you might want to work with a CPA or other tax adviser to get individualized assistance on your tax payment strategies.
Question: I have a few months left on my COBRA. I know it's important to have health insurance, especially now that I am in my 30s and have a young child. However, the idea of buying insurance on my own is scary, as I've never had to do it before. What can I do? Does anything in the new health care law help me?
--Kathryn, Los Angeles
Answer from Josh King, general counsel for Avvo.com, a free online legal directory: You're doing the right thing in seeking to maintain coverage. The primary element of the new health care law that will help individuals seeking health insurance is the government-mandated state insurance exchanges that will go into effect in 2014. However, even in advance of that date, you should expect to see more options become available for individually purchased policies.
For now, you should take a close look at "catastrophic" plans. These plans feature low premiums and high deductibles. But if you and your child are in good health, these plans can offer significant savings on premiums while still providing comfort that large expenses will be covered. You'll have to pay for routine matters out of pocket, but the premium savings will likely more than make up for it.
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Freebie Friday is provided by Wendi, who blogs at TheFreebieBlogger, where she finds you 100% free items each and every day.
- Logical Nutrition is offering a FREE Revitalize Health Supplement sample. Just put "sample request" and you mailing address in the "How Can We Help?" box.
- Request a FREE Pregnancy Planner that helps prepare you for each trimester and for when baby comes home. It includes a 10-month calendar section to record checkups and other notes.
- Sign up to receive two FREE Wysong Epigen Cat or Dog Food Samples. You can choose from chicken, fish or venison.
- Walmart is offering a FREE two-day Prevacid 24HR sample for the treatment of heartburn to those who qualify.
- Those with children can sign up with Publix Preschool Pals to receive freebies, coupons and more. This offer is available to select states.
- Mercury Magazines is offering a FREE Forbes Investors’ Guide to those who qualify. This guide offers tips on investing and financial planning during volatile times.
- Kids ages 8 to 18 years old can get a FREE Young Eagles Flight and become one of over a million Young Eagles. Be sure to find a volunteer in your area.
- Sun Laboratories is offering a FREE self-tanning product samples. They do not mention which product you will receive.
- If you love Taylor Swift, you can download three of her songs for FREE: Love Story, Fifteen and You’re Not Sorry.
- Stand Up For The Troops is offering a FREE comedy CD download to those with a valid military ID number. Comics include Adam Sandler, Chris Rock, Jeff Foxworthy and Kevin James.
- PracticalMoneySkills.com offers many FREE materials including a Practical Money Skills CD ROM, Financial Soccer & Financial Football CD Roms (to teach students personal finance skills) and more.
- Astroglide is offering a FREE Natural Personal Lubricant sample for a limited time.
See the previous freebie roundups for more free sample offers that are still available!
As always, make sure you’re protecting your personal information when you’re signing up for freebies.
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Every Friday I’ll start a new post with a Mr. Linky for you all to share your fabulous freebie finds with Deal Seeking Mom readers! If you have a freebie you’d like to list, just leave your link below.
To keep it neat, I suggest that you list your blog name and then the freebie you've found in parentheses, ex. Deal Seeking Mom (Free Toilet Paper Sample). The only requirement is that you link directly to your post on the freebie. Links directly to your homepage will be deleted.
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