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Now that your taxes are submitted, are you getting a huge refund or did you owe?

It might be time to adjust the withholdings on your W-4. You can do this anytime of year by submitting the change to your employer. If you’re getting too much back, you can divide that number by 12 to see how much more you could be getting in your monthly paychecks. If you owe, you may need to decrease the withholdings so you’re paying more per month rather than a lump sum once a year.

The IRS offers this withholding calculator, or give me a call if you need help!

Howard Dagley, CPA: 23560 Lyons Avenue, Ste 224 | 661-255-8627 | www.cpasantaclarita.com