Taxpayers should stay on top of taxes all year to avoid a surprise tax bill

IRS Tax Tip 2022-158, October 17, 2022

The next tax season seems far away, but this is actually the perfect time for taxpayers to review their withholding and estimated tax payments. Because federal taxes are pay-as-you-go, it’s important for taxpayers to withhold enough from their paychecks or pay enough in estimated tax. If they don’t, they risk being charged a penalty. IRS Tax Tips