If you have a decent cash reserve and don’t go paycheck to paycheck, it’s better to get more in each paycheck and end the tax year with a small refund or a wash. You can use the additional money to invest in a money market fund or other low-risk investments, such as Yrefi. The IRS has an online calculator that lets you dial in the best options for your situation.
With the recent tax reductions and no-tax-on-tips laws, you don’t need to give as much to the government as you used too.
You should owe the maximum amount on taxes without having to pay the penalty.
If you get a refund, you gave the government an interest-free loan.