Tax Calendar Tax Tips

Check your withholding for 2016. If you’re having too much or too little withheld, file a new Form W-4 with your employer to bring your withholding closer to your ultimate 2016 tax liability. Be sure you have social security numbers for all dependents you intend to claim on your 2015 tax return. If you still…

Early this month check the amount of 2015 tax you have prepaid through withholding and quarterly estimates. If you’ve underpaid, consider increasing your withholding before year-end. Withholding is considered to have been paid evenly throughout the year. This could prevent your being charged underpayment penalties for 2015. Avoid the marriage penalty. If a wedding or…