Calculating how much money you’re missing out on can sometimes be a difficult task. They’re one of the best ways to prove your earnings and make your claim a successful one. Having quick access to your pay stubs is the best way to quickly show how much you should be compensated for. If something happens, such as an accident, and you’re not able to work for a certain amount of time, then you’ll be glad that you kept your pay stubs on your computer. Your pay stubs act as a tool to help you understand your earnings better.įor example, your pay stubs will tell you how much you’re contributing to taxes, retirement, and much more every payday. Do this every week or every two weeks, depending on how often you receive a paycheck. Use your pay stubs to check the accuracy of your earnings. However, these pay stubs might be the only thing keeping you from getting gypped on your pay. Too often than not, employees take their check and throw their pay stubs in the trash or delete them from their computer’s system. When payday hits, most employees are satisfied with their check on their hands. It’ll Help Check the Accuracy of Your Earnings.Your accountant most likely won’t need to see your pay stubs, but if they do, you’ll have them ready to show. This is true whether you opt to file your taxes yourself or to have an accountant do it for you. At the very least, having as much documentation and information as possible when sitting down to do your taxes is always beneficial for you. Check how much you’ve given to social security throughout the year and be sure that the numbers add up correctly with your W-2. You won’t necessarily need your pay stubs to file your taxes, but they will provide you with a bit of help.įor example, you can look to your collected pay stubs to double-check your W-2 forms.
When tax season approaches, your pay stubs will come in handy. This ensures that you have everything you need to show for when applying for any of these things.Īcting as your proof of income isn’t the only thing that your pay stubs will help you with. Keep your pay stubs for at least one year. If you want to apply for any type of government assistance, you’ll also need some form of proof of income. If you don’t have a hefty savings account built up for a rainy day, then you never know when you might need a cash advance for emergency purposes.
However, you might need proof of income if you’re planning on taking out any other type of loan including a cash advance. You might be thinking that you won’t need proof of income because you’re already set on your car loan and mortgage.
When one of these instances comes up, you’ll need your paycheck stub to act as your proof. There are so many reasons why you might need proof of income in your life that we most likely won’t be able to name all of them. From proof of income to saving yourself from banking errors, you never know why you might need your pay stubs.įor 7 reasons to save your paperless paycheck stub, continue reading below! There are several reasons why you might need to keep those paperless paycheck stubs. However, you might want to stop in your tracks before it’s too late! You might feel tempted to clear the clutter from both places. Have you had the itch to shred or delete important information lately? As the years go by, more and more documents begin to pile up whether that be on our desks or on our computers.
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