Episode 6: Paycheck Checkup

Following the Tax Cuts and Jobs Act, the IRS would like to urge everyone to do a paycheck checkup.  Do you have enough withholding from your paycheck?  Not enough (you would owe the IRS on your tax return)?  Too much (you would prefer a higher paycheck instead of a higher refund)?  In order to check, the IRS has a Withholding Calculator on their website.  If you would like your withholding changed, use Form W-4 with your employer.

IRS Withholding Calculator:  https://www.irs.gov/individuals/irs-withholding-calculator

Form W-4:  https://www.irs.gov/forms-pubs/about-form-w4