By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.

The IRS Tax Withholding Estimator is a free and essential tool for U.S. taxpayers who want to make sure the right amount is ...

If you regularly receive a large tax refund, you might consider decreasing your withholding amount. This way you'll get more money in your regular paycheck instead of at tax time. Sponsored Bank ...

If your employer withholds money from your paychecks for federal and state income taxes you may not think much about taxes until you file your return each year. But there are other types of income ...

Getting your withholding amount right is important because it can keep more money in your pocket by not overpaying or ensure you don't have a hefty tax bill because you haven't paid enough.

Common reasons include underpaying quarterly taxes if you're self-employed or not updating your withholding as a W-2 employee. You may also owe if you collected unemployment benefits, which are ...