Taxpayers

A Remainder on what Estimated Tax Payments are

A Remainder on what Estimated Tax Payments are

Certain taxpayers must make estimated tax payments throughout the year. Taxpayers must generally pay at least 90 percent of their taxes throughout the year through withholding, estimated tax payments or a combination of the two. If they don’t, they may owe an estimated tax penalty. 

IRS urges taxpayers to check withholding now to avoid tax surprises later

IRS urges taxpayers to check withholding now to avoid tax surprises later

With the year more than halfway over, the Internal Revenue Service urges taxpayers who haven’t yet done a “Paycheck Checkup” to take a few minutes to see if they are having the right amount of tax withholding following major changes in the tax law.