You may have noticed your paycheck this week was a little light.
The recent 2 percent rise in the social security payroll tax rate means there's a little more that was taken out of your paycheck.
Financial experts Elliott Miller and Gene Marks have some tips that might help ease the pain on your paycheck.
Estimate your withholdings, talk with your accountant:
It's recommended you do the best job possible estimating your withholdings for 2012 so that you're not having too much withheld. It's also a good idea to sit down and talk with your accountant, as he or she may have some other ideas for your personal financial situation.
Take advantage of employer offered FSAs for medical expenses
If your employer offers a flexible spending account for medical expenses, take advantage of it. The experts say you can use up to $2,500 in non-taxable earnings to pay for medical expenses.
Take advantage of employer offered 401ks
The experts recommend you take advantage of a 401k if it's offered by your employer. You may also be able to contribute to an IRA.
Saving for college? Start a 529 plan
If you're one of the thousands of people saving for a college tuition, it's recommended you start a 529 plan so that you can put money away that will earn tax free income.
Small business? Invest in it
If you have a small business, the experts recommend you invest in it - take advantage of the Section 179 deduction where you can deduct up to $500,000 in capital purchases right away.
Keep an eye on the debt ceiling discussions
If more tax increases are on the way for 2014, you may want to accelerate income into 2013.
Consider refinancing loans
Since interest rates are at record lows, consider refinancing loans, especially your mortgage.
Car shopping? Consider leasing
The experts recommend you consider leasing if you're in the market for a car, especially if you are self-employed because it can carry tax benefits.
Examine your insurance policies
The experts recommend you take a look at your insurance policies and ask the companies for ways to save, possibly with higher deductibles.