This is the eBook version of the printed book.

This Element is an excerpt from The Truth About Paying Fewer Taxes (9780137153862) by S. Kay Bell. Available in print and digital formats.

Getting your withholding right (and why you should).

Many folks intentionally have too much tax withheld from their paychecks. They consider it an automatic savings account that pays off with a refund when they file their returns. The IRS likes this process, too: It’s getting an interest-free loan. But overwithholding isn’t the best way to meet your tax obligations....