As we get closer to the end of the year, employees only have a few paychecks left for 2024. If you’re an employee who received a surprise tax bill – possibly with penalties – for the 2023 tax year, consider checking your withholding to ensure it’s sufficient. The IRS provides an online withholding estimator tool to help determine the correct amount. If you find you need to adjust your withholding, give your payroll administrator a new Form W-4 to have more withheld this year. What if you got a big refund last year? Instead of letting Uncle Sam keep your money for a year, you can lower your withholding and give yourself a raise in take-home pay. Here’s the tool: https://bit.ly/3O5KAbV. Contact the Cg Team for help. © 2024