IR-2022-186, October 20, 2022
WASHINGTON — The Internal Revenue Service today urged taxpayers to check their tax withholding while there’s time left in 2022 to benefit from any necessary changes.
An adjustment made now will help people avoid a big surprise, such as a big refund or a balance due, at tax time in 2023.
Life brings constant changes to individual financial situations. Events like marriage, divorce, new tax law, a new child or home purchase can all be reasons to adjust withholding.