Tag Archives: IRS Withholding Calculator

IRS Waives Penalty for Many Whose Tax Withholding and Estimated Tax Payments Fell Short in 2018

The following article was published by the IRS. The Internal Revenue Service has announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total … Continue reading

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Individuals Can Find Answers to their Questions about Tax Reform on IRS.gov

The following article was published by the IRS. Tax reform legislation passed in December 2017 affects almost every taxpayer. The IRS is working closely with partners in the tax return preparation and tax software industries to prepare for tax reform … Continue reading

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Taxpayers who Support Dependents Should Check Their Withholding Now

The following article was published by the IRS. Taxpayers who support older dependents should head over to the Withholding Calculator on IRS.gov and do a “paycheck checkup” ASAP. They can use the calculator to make sure they are having their … Continue reading

Posted in Child Tax Credit, IRS, Personal Taxes, Planning Strategies, Tax Credits, Tax Law Changes, Tax Tips, Taxes, Uncategorized | Tagged , , , , , , , ,

Retirees with Pension Income Should Do a Paycheck Checkup ASAP

The following article was published by the IRS. Retirees should do a Paycheck Checkup to make sure they are paying enough tax during the year by using the Withholding Calculator, available on IRS.gov. The Tax Cuts and Jobs Act, enacted … Continue reading

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Paycheck Checkup

Approximately one year ago the tax laws went through some significant changes. These changes, which went into effect in 2018, have a direct impact on the amount of federal taxes withheld from your paycheck. The IRS encourages everyone to do … Continue reading

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Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises

The Internal Revenue Service encourages taxpayers who typically itemized their deductions on Schedule A of the Form 1040 to use the Withholding Calculator this year to perform a “paycheck checkup.” People who have itemized before may be affected by changes … Continue reading

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