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Among other tips from the tax professionals were these: ADJUST YOUR WITHHOLDING The I.R.S. has reported that more than three-quarters of the 142 million individual tax returns filed last year were due a refund, and the average refund was $3,003.
3. Double-check your withholding.
Unfortunately, the longer you wait to get started, the more likely you are to make mistakes on your return or have trouble finding necessary information (see Poor Organization). 3. Failure to Adjust Withholding - Be sure to adjust your withholding to account for life changes like marriage, birth of a child, job changes, or raises (remember those?).
If the calculator indicates that you need to make changes to your withholding, you'll do so using a form W-4, Employee's Withholding Allowance Certificate.
"The system is not going to stop and ask you, 'Do you work for an international organization that only paid half of your withholding?' " he said.
If you consistently receive tax refunds, give yourself a raise by updating your W-4 form and adjusting your withholding information.
In a house, dormancy is induced naturally by shorter days, or by your withholding water or putting the plant in a cooler spot.
And if you do decide to change your withholding, here's the way to do it: It's not fun to do a 'paycheck checkup' — but do it anyway.
I could not imagine your withholding it, and you must not ever imagine for one moment that I could put other things ahead of it, or fail to appreciate it".
(IRS Publication 919 has all the details on how to adjust your withholding for 2010).
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