ilmscore | Tax Withholding with Additional Income Predictions
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Recent Predictions

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
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Prediction
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Income from sources like interest or investments, on which taxes are not withheld, should be reported in step 4 to proactively withhold additional taxes and avoid owing money at tax filing.
"If you have income from sources outside your job, such as interest income or investment income, you ..."
Jan 12, 2020
Pending
If expecting $500 in annual interest income, this amount should be entered in step 4 of the W-4 to ensure proper tax withholding.
"For example, if I expect to receive approximately $500 in interest per year, I will enter this numbe..."
Jan 12, 2020
Pending