TaxAudit Blog

Tag: W-4

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Will increasing my withholding allowances get me more money?

While increasing allowances leaves you with more available funds throughout the year, it will have a rippling effect and your tax refund will decrease.

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The word TAX spelled out with tiles on paper money and next to a stack of coins

How do I avoid a penalty for under withholding?

I hate allowing the government an interest free loan. This year I had a penalty for owing too much at the end of the year. So my question is: how…

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drive through window

Summer is almost here! First job ever? Tax tips for you!

First job ever? What do you do about those pesky tax forms they gave you at the job? How do you fill them out? Why are they taking all that money out!?

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Cube with Tax words on written on it

Tax myths – a refund is not a bonus

A refund is NOT a bonus and a balance due is NOT a penalty. When you began working, you filled out a W-4 stating how many exemptions you wanted.

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