If you're getting a big tax refund, or if you owe
Uncle Sam too much, you may want to consider
adjusting your tax withholding. Why give the IRS a
tax-free loan by having too much withheld, and why
pay interest and underpayment penalties by having
too little withheld? The IRS now offers an online
withholding calculator to help you better
approximate how much your employer should be taking
out of your check. Before you use the program,
however, you'll need to have handy your most recent
pay stubs and income tax return. Then you'll need to
fill out a new W-4 with your employer to fine-tune
the withholding. To access the calculator directly,
go to
wwwirs.gov/individuals/article/0,,id=96196,00.html