Tax Withholding Changes Can Boost Your Paycheck Now

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Tax Withholding Changes Can Boost Your Paycheck Now

By Rocky Mengle
From Kiplinger’s Personal Finance
Question: This past tax season I received a big refund, which I understand is an interest-free loan to the federal government. Is it too late to prevent that from happening again?
Answer: Look at your last paycheck and see how much federal income tax has been withheld from your wages so far this year. If you’ve had too much withheld, there’s still time to change your tax withholding for the rest of the year (and beyond). But, since you probably only have a couple of pay periods left this year, you need to act as soon as possible to have an impact on your overall 2022 withholding....

Source: Tax Withholding Changes Can Boost Your Paycheck Now

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