Paycheck Checkup

  • -

Paycheck Checkup

Category : Blog , sccm


Do you need a “paycheck checkup”? Since the Tax Cuts and Jobs Act became effective, the IRS has been urging taxpayers to determine the best amount to have withheld for their individual circumstances. Major changes to the tax law make a “checkup” a good idea. They include an increase in the standard deduction, the removal of personal exemptions, new tax rates and an increase in the child tax credit. Tools that can help: the IRS’s “withholding calculator” at https://bit.ly/2aLxK0A and Publication 505, “Tax Withholding and Estimated Tax,” at https://bit.ly/2IZHOkp


Back