As a professional tax preparer, I can tell you that several clients changed their withholding during the year in order to have more take home pay to make their mortgage payments. Unfortunately, when April 15 came around, not only did they owe a staggering amount, but they incurred underpayment penalties too.

People’s tax returns tell you alot about their overall financial situation. I’ve seen some disturbing trends, I’ll share them on another post when I have the opportunity.