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Reminder for Mid-Year Tax Withholding Check-Up

| Jul 13, 2020 | IRS |

Although the federal and state tax agencies may have been generous with late filing and payment due to COVID-19, it is important that taxpayers pay attention to proper withholding throughout the year to avoid a large tax bill at the end of the year, and possible penalties for underpaying estimated tax payments.

The IRS’ recommendations issued today may be found here.

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