Check Your Tax Withholding in October – The New Deductions Changed the Math
If one of the new federal deductions for tips, overtime, seniors, or car loan interest applies to you and your W-4 hasn’t changed, you’re having too much tax withheld. Run the IRS Tax Withholding Estimator in October and give your employer a new W-4, so the fix reaches your last paychecks of the year.
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