We are reminded by the Internal Revenue Service to use their Tax Withholding Estimator if your 2023 withholdings need to be adjusted for next year. A few situations you may have not thought about that can change your return are:
- adding a child or having one move out on their own
Using the Tax Withholding Estimator can help you see if you will get a refund or prevent you from paying estimated taxes.
Click here to learn more about this tax calculator.
Source: Internal Revenue Service