Treasury Secretary Advises Updating Paycheck Withholdings for 2026, But Experts Warn of Potential Tax Risks
Treasury Secretary Scott Bessent urged workers to update their paycheck withholdings for 2026 to increase take-home pay, but tax experts caution that errors in the process could lead to a tax bill in the following filing season. The IRS provides a free tool, the 'tax withholding estimator,' to help individuals adjust their Form W-4 accurately.
Topics: 2026_tax_year irs tax_returns tax_withholdings treasury_secretary