Have a financial plan for your taxes: Do a Paycheck Checkup

July 12, 2019

Planning for retirement, saving, investing and budgeting are smart ways to reach financial goals. Planning for tax season is also vital to making sure you don’t owe more tax than you’re expecting next year.

Check your tax withholding using the IRS Withholding Estimator and adjust it, if needed. If you don’t pay taxes through withholding, or pay too little tax through your employer, you should use the estimator or IRS Publication 505 to see if you need to make estimated tax payments to the IRS.