Tax Article - IRS Calculator Can Prevent Tax Overpayments

No one can deny the allure of a sizable income tax refund. But, generally, getting back any more than $50 indicates that you essentially gave the federal government an interest-free loan. Ironically, one easy source for help is the federal government itself — namely, the IRS offers a free withholding calculator on its Web site (http://www.irs.gov, under the Online Tools menu). With it, you can adjust your W-4 form to withhold a more reasonable amount.

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