IRS Introduced New Tax Withholding Estimator

Feb 11, 2020Business, Business Tax

Calculate Your Tax Withholding

The IRS has improved its online tax withholding calculator. It includes changes from the updated W4.

The new version of the calculator helps workers effectively adjust their withholding and features a customized refund slider allowing users to choose the refund amount they prefer from a range of different amounts.

We recommend checking your withholding every quarter to protect against having too little tax withheld and facing an unexpected tax bill or penalty at tax time.

Note: The tax withholding calculator does not ask you to provide sensitive personally-identifiable information (i.e. Social Security number, address, bank account numbers). The IRS does not save or record the information you enter on the Calculator

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