“Payroll Checkup”

“Payroll Checkup”

Category : Blog , sccm


If you typically itemize deductions on your tax return, you may want to rethink that decision due to changes brought by the Tax Cuts and Jobs Act. To help, the IRS is encouraging itemizers to do a “payroll checkup” using its withholding calculator. Changes take effect this year, including the standard deduction nearly doubling, and limits on several itemized deductions. These changes may make it more beneficial to claim the standard deduction. If so, you may need to adjust your withholding as early as possible. To access the calculator: https://bit.ly/2aLxK0A


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