Check your tax situation now to avoid tax-time surprises

Region VIII Office  - June 2019

u s small business administration

Check your tax situation now to avoid tax-time surprises

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The IRS urges you to check your tax withholding or estimated tax payments soon to be sure you pay enough tax throughout the year and avoid a tax-time surprise like owing more than you expect.   

Check using the IRS Withholding Calculator or Publication 505, particularly if you:

  • owed additional tax with your return this year
  • want to adjust the size of your refund for next year
  • have a life change this year like marriage, childbirth, adoption, buying a home or an income change  
  • adjusted your withholding in 2018 – especially mid- to late-year

Adjust your withholding by submitting a new Form W-4 to your employer. If you don’t pay taxes through withholding or don’t have enough withheld, you can make estimated tax payments.