On almost every professional payslip, next to the "Current Amount," there is a column labeled YTD.
The Cumulative Tracker
YTD stands for Year-To-Date. It represents the total amount for that category from January 1st of the current year up to the current day.
Why You Must Check It
- Tax Brackets: If your YTD Gross Pay crosses a certain threshold, your tax rate might jump in the next paycheck.
- Loan Approvals: Lenders look at YTD income to verify that your employment is stable and continuous, not just a one-time payment.
- Errors: If you verify your pay every week, the YTD column is the best way to catch if payroll missed a week.