The Defense Finance and Accounting Service gave U.S. Department of Defense employees a friendly reminder to review withholdings from their paycheck, in an email last week.
If a large tax refund was received or you owed a large amount in taxes during the recent tax season, you may need to look over your federal and state withholding information and verify that it is up to date.
According to Ken Ellingson, a Civilian customer service representative payroll technician here, the goal is to withhold just enough, but not too much.
“When you filed your taxes, did you want to change your tax status at all?” Ellingson said. “Now is a good time to do it because between now and the end of the year, you won’t pay as much in if you overpaid or you will pay more in if you underpaid. That way you come out next tax season at zero.”
Many different circumstances might trigger a need to adjust your current withholdings such as having a child, getting married or divorced, a change in employment or buying or selling a home.
While it is the employee’s responsibility to ensure that the correct information is on file, the Fort Huachuca Civilian Payroll office is here to help. For questions or for more information, call 520.533.7056 or 520.533.2323. Changes can also be made via myPay at https://mypay.dfas.mil/mypay.aspx.