Your Money: How to avoid unwanted surprises at tax time

Your Money: How to avoid unwanted surprises at tax time

For many people, tax season can be a stressful time of the year, especially if it involves paying more taxes than anticipated. If this sounds familiar, it may be time to make some strategic adjustments so next year's tax season isn't so frustrating. We had Craig Schwegman in our studio to highlight different opportunities to help you avoid unwanted surprises at tax time.

Proper Tax Withholding to Avoid Surprises - Mize CPAs Inc.

Every year, many people are caught off guard at tax time. Either they owe more than expected, or they’re getting a big refund and realizing, too late, that they gave the government an interest-free loan all year. Most of the time, the root of the problem comes down to one thing: improper withholding. The IRS follows a pay-as-you-go system, which means taxes are generally due throughout the year, not just on April 15. If too little is withheld fr…