Second Look at Withholding and Estimated Taxes

The IRS suggests you review your tax payments year to date and project your final liability. Events, such as marriage or divorce, a new child, or a new sideline business, can easily impact taxes and cause projects made at the start of 2021 to go awry. Those employed can adjust wage withholding for the balance of the year and use a Tax Withholding Estimator to help. Those who pay estimated taxes have until January 17, 2022, to pay the final installment of 2021 estimated taxes. #IdeaoftheDay