The middle of the year is a good time to do a financial checkup, reviewing budgets, tax withholding and retirement plans.
To avoid having too little tax withheld from your pay and facing an unexpected tax bill or penalty at tax time next April,. That's the money your employer withholds from each paycheck to put toward your federal and state tax obligations.
"You check it off your list, and you actually don't do anything about it," he said, adding that now "you still have a little bit of a runway before the end of the year."IRS Tax Withholding Estimator tool
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