All taxpayers should check their withholding – also known as doing a Paycheck Checkup – as soon as possible. They should do a checkup even if they did one last year.
By checking their withholding, taxpayers can make sure enough is being taken out of their paychecks or other income to cover the tax owed. Here are some things taxpayers should know about withholding and why checking it is important:
The best way for taxpayers to check their withholding is to use the Withholding Calculator on IRS.gov.
Form W-4S, Request for Federal Income Tax Withholding from Sick Pay
Form W-4V, Voluntary Withholding Request
Share this tip on social media — #IRSTaxTip: All taxpayers should check their withholding ASAP. https://go.usa.gov/xmtQK
The IRS reminds individuals and businesses that they have additional time to file an administrative claim or bring a civil action for wrongful levy or seizure. Tax reform legislation enacted in December extended the time limit from nine months to two years. Here are some facts about levies and the extension of time to file […]