Check Your Tax Withholdings Now So You Don't Get a Surprise Next Year
Monday, June 24th, 2019 -- 12:57 PM
(WRN) -Now's the time to check your tax withholding with your employer to make sure you're not going to have a surprise tax bill next year.The IRS is continuing its reminder to take a look at your tax withholdings. A special withholding calculator is available on their website. Spokesman Christopher Miller says the government wants to make it easy to ensure that you're not going to have a surprise tax bill.
"If you find out that you need to adjust something for your situation, there's a link to the W-4 form. Fill out a new one, hand it in to your employer."
Miller says there's a special calculator that will help you figure out if you need to change your W-4 form with your employer.
"To help taxpayers who want to change the amount, the withholding calculator will offer recommendations for adjusting your withholding."
Miller says the 2017 tax bill left many Americans confused about their taxes and some with a surprise bill.
"It increased the child tax credit. It limited or discontinued certain deductions, and it changed the tax rates and the tax brackets."
All you'll need is recent pay stubs and information about how many dependants you have and what deductions you're planning on taking. Find out more online at I R S dot GOV.
Feel free to contact us with questions and/or comments.