The Internal Revenue Service has recently launched a new income tax withholding calculator and encourage everyone to use this to perform a quick “paycheck checkup.” This is even more important this year because of recent changes to the tax law for 2018 from the "Tax Cuts and Jobs Act." The Calculator helps you identify your tax withholding to make sure you have the right amount of tax withheld from your paycheck at work.
There are several reasons to check your withholding:
You are encouraged to review your individual tax situation and make changes to your withholding elections as needed. For the link to the IRS, click HERE.