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Tax Tip Tuesday: Tip #46, IRS Tax Withholding Tool

September 29, 2020

local accounting firms near me - Amanda Fricton Certified Public Accountant Bio IMGAll taxpayers should review their withholding annually. They can use the IRS Tax Withholding Estimator to check and make sure they're not having too little or too much federal tax withheld. This tool offers workers, retirees, and self-employed individuals a step-by-step method to help figure out if they should adjust their withholding.

The IRS Tax Withholding Estimator can help taxpayers check their withholding.

  • This tool will help determine if they should complete a new Form W-4.
  • It will also help users determine what information to put on a new Form W-4.
  • It will save them time because they don't need to complete the form worksheets. The Estimator does the worksheet calculations.

If you have any questions, please contact Christina Page at (770) 287-7800 or Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!