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Friday
Jun012018

IRS Urges Paycheck Checkup

IRS has urged 2-income families and those who work multiple jobs to complete a "paycheck checkup" to verify they are having the right amount of tax withheld from their pay. (IR 2018-124) Following passage of the Tax Cuts and Jobs Act, checking withholding amounts has become more important, the agency said. "Individuals with more complex tax profiles, such as two incomes or multiple jobs, may be more vulnerable to being under-withheld or over-withheld following these major law changes", IRS said. To conduct a checkup, taxpayers should use the Withholding Calculator which can be accessed here.

 

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