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

The IRS urges taxpayers to use the Tax Withholding Estimator now to avoid large bills or missed refunds in 2026. Here's how it works.

use the IRS's Tax Withholding Estimator as soon as you can. Have your most recent pay stub and a copy of your 2021 tax return handy to help estimate your 2022 income. Again, you must act quickly ...

A withholding allowance is an exemption that reduces how much income tax an employer deducts from an employee’s paycheck and transmits to the IRS on their behalf. This exemption from withholding ...