Through this withholding mechanism ... defenses and options available to taxpayers involved in an employment tax audit. These are discussed more fully below. However, a word of caution is necessary.

If you've had too much or too little 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 ...

If you regularly receive a large tax refund, you might consider decreasing your withholding amount. This way you'll get more money in your regular paycheck instead of at tax time. Sponsored Bank ...

As mentioned, one way to avoid tax surprises is to have federal income taxes withheld from your Social Security payments. To do this, complete IRS Form W-4V, Voluntary Withholding Request ...

To protect yourself, the IRS’s Tax Withholding Estimator calculator is the best tool. This helps you target a specific refund amount and help you best prepare for it through adjustment withholdings.