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    nitinsingla's Avatar
    nitinsingla Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Dec 28, 2005, 02:56 PM
    Adjust Withholdings Advice
    I recently read one of the topic on this site regarding adjusting your withholding to pay the least amount of Tax to IRS.

    My question is that how would I know that my withholding are correct with my employer/

    Any advise

    Thanks

    Nitin
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Dec 28, 2005, 09:37 PM
    Nitin:

    The withholding is important, but not that important. Ideally, the withholding should be enough to cover your tax liability, nothing more. A refund is an interest-free loan to the U.S. government.
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