If you’re like many Americans and have had job changes, collected unemployment, or have had myriad of other “taxing” situations happen to you in the past year, you may not know if your income tax withholdings are accurate. Don’t get caught not paying enough. That could mean that you’ll owe a huge penalty plus interest to the IRS. And if you having too much withheld you are just giving the government an interest-free loan for most of the year.
If you are in doubt or what to more accurately nail your withholdings you might try this withholdings calculator directly from the IRS.
IRS Withholding Calculator
