JeffreyR77
Expert Alumni

Get your taxes done using TurboTax

It depends. 

 

There are many factors that could change from 2020 to 2021 prompting a change in tax withholding to avoid having a balance due next year.

 

For example, one of your  dependents might no longer be eligible for the $2000 Child Tax Credit your received this year. 

 

You may have received other tax credits this year that will not be available next year.