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How to Avoid a 2021 Income Tax Surprise!

By Sally Adams Jan 19, 2021 Visit your HR Department and heck your W-4 form now and avoid a 2021 income tax surprise later. Most Americans haven t seen a W-4 form since the day they started their job. And many were surprised by the lack of tax refund. Doug Hord of My Tax Guy in Houston says the W-4 changed for the 2020 tax year. The goal here is to get all earners who earn less than $200,000 to receive results on their tax return as close to $0 as possible. The IRS is not looking to give refunds or have you owe money. Hord explains you could be projecting extra income and deductions. There s very little wiggle room now. It s almost as if you re filling out a tax return for the year coming up.

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