Could a Raise Really Lower Your Take-Home Pay?

This month, we’re tackling common money myths that could be holding you back financially. This week’s is a classic: The Pay Raise Tax Myth.

Sometimes, people worry that accepting a raise could bump them into a higher tax bracket and actually decrease their take-home pay by raising their taxes more than the value of the raise. This is a persistent and costly misconception, but the truth is simple: a raise always results in more money in your pocket.

Want to know why (or don’t believe us and want proof)? Check out our video or article to see the full breakdown and finally put this rumor to rest.