Adjust your withholding
Did you get a big refund? Are your work and tax circumstances about the same this year as last?
Then you probably should adjust your withholding so that you won't get a big tax refund next filing season.
This idea isn't welcome by most of the respondents to Bankrate's March Money Pulse survey. More than half of them said they expected or had already received a refund from the IRS, and the majority said they like getting a refund for some amount.
The ideal payroll withholding situation is to have just enough tax -- not too much, not too little -- withheld from your paychecks to meet your eventual annual tax bill.
In this way, you'll avoid writing the U.S. Treasury a check for tax due if you under-withheld. And if you over-withheld, you won't be waiting for a refund check.
Changing your withholding is easy. Just stop by your payroll office and submit a new W-4.