Forgot to update W-4 For this Year

[gotekk]

I forgot to update my W-4 for this year and to my surprise I was hit with a Federal Income Tax deduction of $600 for this week's pay statement.  That deduction did not appeared on my last pay statement.  I have since updated my W-4.  Is there anything I need to do or worry about?  I'm assuming I will just a have a bigger tax return for next year or pay less in tax.    

[fanfare]

your paystub shows your periodic and year to date withholding.

your estimated tax (zero, so  far) and withholding (from payroll) has to add up to at least 90% of your 2023 tax.

[CatinaT1 · Accepted solution]

There isn't anything you need to do or worry about from a tax perspective. Depending on your income for the year, your withholdings will be applied toward any tax you owe and will determine if you receive a refund or have a balance due.

You could consult your employer to see if they can make any adjustments to your previous payroll.