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Saving Advice
Saving Advice
Amanda Blankenship

10 Withholding Mistakes That Create an April Tax Bill for Retirees

withholding mistakes
Image Source: Shutterstock

Many retirees expect tax season to get easier once the paychecks stop, but the opposite often happens. Without automatic payroll withholding, it’s surprisingly easy to underpay throughout the year and end up with a painful April tax bill. Even small withholding mistakes for retirees can snowball into penalties, unexpected balances due, and financial stress. Here are 10 withholding mistakes that could create

1. Not Updating Withholding After Leaving the Workforce

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