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MoneyABCs | Personal Financial Education Program

How Do My Witholdings Affect My Tax Return

Explains what tax witholdings are, and how tax witholdings determine whether you owe money to the IRS or you receive a tax refund during tax season. Explains why a large amount owed or a large refund is not optimal tax planning. Offers advice on adjusting tax witholding when changes occur in your life during the year

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