Withholding taxes are very important to the federal government. Payroll taxes account for over a third of all federal revenue. These taxes are even more important to American families. Many families do not prepay estimated taxes. Since they only pay withholding taxes, a good W-4 withholding plan is essential. Otherwise, a family could have a very big tax refund or a very big tax bill in the spring. Typically, it’s a good idea to avoid either outcome and work toward tax balance (no refund and no … [Read more...] about Advanced W-4 Tax Planning Methods