When it comes to withholding, too little is always worse than withholding too much. If you’re going to make an error, most people would rather overpay and get some money back rather than face a large tax bill at tax time. Even if you already set your withholding through your employer,
Richard Adams is a graduate of Benedictine College in Atchison, Kansas, with dual majors in Accounting and Business Administration. He is also a graduate of Wentworth Military Academy in Lexington, Missouri.