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One Last Tax Duty For April: Adjust Your W-4 Exemptions

 

If you've attempted to take profits in this volatile market or plan to do some selling in the future, your 2000 tax bill may be drastically different from last year's. And while 1999's numbers are painfully fresh in your mind, now's the best time to revisit your Form W-4 -- Employee's Withholding Allowance Certificate.

If you expect your income to be higher this year than last, you need to adjust the amount of taxes withheld from your paycheck so you won't wind up owing Uncle Sam any unnecessary interest and penalties.

Fortunately, the tax-preparation companies offer some good Form W-4 calculators that take some of the guesswork out of the process. ...

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