Always Check Your Withholding

     How has 2021 been for you so far? After going through 2020, you can probably handle anything. We all learned a lot, and the best thing to do is to put that knowledge into practice. Making sure that your Tax Withholding is correct will give you one less thing to worry about this year.

    If your family situation has changed, it would be good to fill out a new Form W-4 and give it to your employer. This will help to make sure that the proper amount of taxes are withheld from your wages and avoid a tax surprise next year. While receiving Unemployment Benefits, you can choose to have taxes withheld from that income source as well. As your tax documents arrive this month, you will see where adjustments need to be made for this year. If you need guidance on the path to take for this year, reach out to your Qualified Tax Professional.

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