The IRS is encouraging everyone to use their “Tax Withholding Calculator” feature to check up on your paycheck. It is even more important to do so this year because of recent changes in tax law for 2018. Their calculator helps you identify your tax withholding to make sure you have the right amount of tax withheld from your paycheck at work.
The “Tax Withholding Calculator” can be found here: https://www.irs.gov/individuals/irs-withholding-calculator .
The "Tax Withholding Calculator" helps you determine whether you need to give your employer a new Form W-4 . You can also use your results to help you fill out the form and adjust your income tax withholding.
To Change Your Withholding:
- Use your results from this Calculator to help you complete a new Form W-4, Employee's Withholding Allowance Certificate, and
- Submit the completed Form to your employer as soon as possible. Withholding takes place throughout the year, so it’s better to take this step as soon as possible.
Comments
0 comments
Please sign in to leave a comment.