Are your employees asking questions about their paychecks and withholdings?
You can tell them ... Time for a Paycheck Checkup!
Following tax law changes, you should do a paycheck checkup using the IRS’s Withholding Calculator and, if necessary, complete a new W-4 form. The calculator helps determine the right amount of withholding.
Check if you...
- Are a two-income family.
- Have two or more jobs at the same time or only work part of the year.
- Claim credits like the child tax credit.
- Have dependents age 17 or older.
- Itemized deductions in 2017.
- Have a high income or a complex tax return.
- Have a large tax refund or tax bill for 2017.
- So grab your most recent paystub and get to calculating. This withholding calculator makes it easy, just be sure to read each instruction carefully. By preparing and making a few adjustments now that mean mere dollars on your paycheck, you can avoid owing Uncle Sam anything next April.
Visit IRS.gov/withholding for details.
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