Federal Tax, Tax

Ensure Your 2024 Tax Withholding Amount is Correct

With the tax filing deadline passed, you may want to forget about taxes for now. Before you do, take some time to ensure your 2024 withholding amount is correct. If you’re an employee who ended up with a surprise tax bill for 2023, and possibly penalties, you can give your employer a new Form W-4 to have more tax withheld this year. If you got a hefty tax refund, you may be smiling. But instead of letting Uncle Sam keep your money for a year, you can lower your tax withholding and raise your regular take-home pay. However, it will lower any refund next year. The IRS has a Tax Withholding Estimator tool to help you arrive at the right number. Here’s more: https://bit.ly/3xHLernContact us with questions. © 2024