IRS Warns Taxpayers to Adjust Withholding Now or Face a Surprise Later
By Tom Ozimek The Internal Revenue Service (IRS) has issued an alert to taxpayers, encouraging them to adjust their 2024 withholding so as to either avoid effectively giving the government an interest-free loan of their money or face the prospect of penalties and interest if too little tax is withheld. The IRS said on Nov. 3 that with the end of the year fast approaching…
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