Hi, I’m Maria, and I work for the IRS.
As you may know, there were big changes in the tax law that affect federal tax withholding from your paychecks.
We encourage you to do a paycheck checkup to make sure you have the right amount of tax withheld for your income.
Depending on your circumstances, this could prevent you from having too much tax withheld and allow you to receive more money in your paychecks.
On the other hand, after review, you may realize you need to increase your withholding to avoid an unexpected tax bill or penalty at tax time next year.
Check out the IRS Withholding Calculator on IRS.gov to help you determine the appropriate amount of tax withholding.
You can use the results from the calculator to determine if you need to fill out a new W-4 form.
You can get this form on our website.
After you have filled out your updated W-4, just give your new form to your employer.
It’s that easy.
Remember: A paycheck checkup is a good idea for everyone, just to be sure, especially if you are a family with more than one wage earner, if you have more than one job at a time, if you itemized your deductions in the past, or you have children.
For best results, do a paycheck checkup as soon as you can.
The earlier you check, the more time there is for withholding to take place evenly during the rest of the year.
Waiting means there are fewer pay periods to make the tax changes, which could have a bigger impact on each paycheck.
So, don’t delay your paycheck checkup.
Get started on your paycheck checkup at IRS.gov/withholding.