After filing your 2025 tax return, consider fine-tuning your 2026 withholding. A big refund may be fun, but it indicates you withheld too much. Meanwhile, an unexpectedly high tax bill (and perhaps interest and penalties) means you withheld too little. The truth is, withholding is only an estimate. Changes in income, deductions, credits or life events can throw it off. And new tax rules — including those affecting tips, overtime and deductions — make reviewing withholding even more important. If you earn income not subject to withholding, you may also need to evaluate estimated tax payments to stay compliant and avoid or reduce interest and penalties. Contact us to discuss your situation.
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