You can but you better keep an eye on when they raise things. For 2023 we had to pay over $1000 because of increases. Not a problem for us because we save it during the year. We were warned by the tax preparer that we could be fined for owing over $1000. They call it a failure to properly estimate tax fine. We have had the same amount withheld since hubby retired. That $1000 used to cover state and fed. We don’t have to pay state anymore but are paying a significant amount more to the feds. Have been trying to increase withholding since February with no luck.
I know what you mean. For 2023 I had to send the IRS a payment for $7800 (including $158 penalty) and $3770 to the state of NJ. That is on top of the $38K already paid to the Feds and $9800 paid to NJ via payroll deduction as well as a $9K annual property tax bill.
I expected to have to pay so it wasn't too bad of a shock, although it was about $2,000 more than anticipated. Fortunately, with short term interest rates over 5%, keeping the money until the end allows me to collect more interest than I paid for the penalty, although it was a relatively small ~$200 difference.
Meanwhile, the "newcomers" (as they are now being called) are getting ATM cards preloaded with $5k, free hotel, free meals, free legal help, and free medical care (free = taxpayer funded). Getting close to being time to "Go Galt".