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Thursday, April 12, 2018

Who should do a Paycheck Checkup?

Following tax law changes, your clients 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.  

Your clients should check if they:
  •          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 high income or a complex tax return
  •          Have a large tax refund or tax bill for 2017

Visit IRS.gov/withholding for details.

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