Tax Cuts and Jobs Act: Withholding Calculator
- Sep 30, 2022
- 1 min read
Updated: Jan 3
October 31, 2018
The IRS encourages several key groups of taxpayers to perform a “paycheck checkup” to check if they are having their employer withhold the right amount of tax for their situation, following recent tax-law changes. It’s especially important for certain people, to check their withholding. They are people who:
Belong to a two-income family.
Work two or more jobs or only work for part of the year.
Have children and claim credits such as the Child Tax Credit.
Have older dependents, including children age 17 or older.
Itemized deductions on their 2017 tax returns.
Earn high incomes and have more complex tax returns.
Received large tax refunds or had large tax bills for 2017.
Start your payroll checkup here. It's not too late.
Resources: Tax Withholding, Withholding Calculator Frequently Asked Questions, Tax Reform Tax Tip 2018-45, Tax Reform Tax Tip 2018-46, Tax Reform Tax Tip 2018-47, IR-2018-36, IR-2018-179, Estimated Taxes for Individuals FAQs, IR-2018-180, Tax Reform Tax Tip 2018-154, Tax Reform Tax Tip 2018-164
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