Are You Withholding Enough for Your Taxes? If Not, What Happens?

The United States federal tax system requires you to ‘pay as you go.’ This can either be accomplished by paying estimated taxes or withholding. The amount withheld depends on earnings, withholding status, and the number of allowances claimed. Read on to learn more about withholding—and what might happen if you don’t withhold enough. Consequences For […]