payroll

W-4 mid-year checkup: Reviewing your estimates

W-4 mid-year checkup: Reviewing your estimates

Opting to not review your withholding for the year and leaving it the way it is could be a mistake. We had several clients not review their withholding and estimated tax payments for any necessary changes. Even though their income was about the same as the previous year, they ended up owing the IRS instead of getting their usual refund.