Paying Taxes During the Year

Suggestions

There are several ways to pay taxes during the year to avoid having a balance due on next year's return. Here are suggestions you can offer taxpayers, depending on the situation. For taxpayers whose income is:

• Mostly from wages or pensions, suggest they adjust their withholding
• Primarily from self-employment or investments, suggest they consider making or increasing their estimated tax payments

For some taxpayers, a combination of increased withholding and estimated tax payments may work best.