Don't Fall Into This Painful Tax Trap

Don't Fall Into This Painful Tax Trap

DailyFinance.com

Filed under: Taxes

Every year, millions of people look forward to getting their tax refunds. But if you're one of those unfortunate folks who has to write the IRS a check every year, you might get even worse news: an extra bill for interest and penalties.

Most workers have their employers withhold taxes from their paychecks. If you correctly fill out the W-4 Form that your employer gives you, then the amount taken out of your paycheck should be enough to avoid any interest and penalties.

Typically, as long as...

Don't Fall Into This Painful Tax Trap originally appeared on DailyFinance.com on 2012-02-29T14:05:00Z.

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