Tax Withholding Checkup
The Internal Revenue Service is reminding taxpayers that now is the perfect time to review tax withholding and payments to avoid a surprise when filing next year. An adjustment or two made now may boost take-home pay or allow taxpayers to accelerate their payments in the last quarter of 2020 to avoid a surprise tax bill.
The link below provides items to consider which may affect your 2020 total taxes. If you have questions regarding your 2020 tax planning, please reach out to your tax advisor.