Once you File Your Tax Return, the IRS Recommends you Take a Moment for a Quick Paycheck Checkup
The Tax Cuts and Jobs Act changed the way tax is calculated
The IRS encourages everyone to perform a quick “paycheck checkup” to ensure you have the right amount withheld.
For employees, withholding is the amount of federal income tax withheld from your paycheck. The amount of income tax your employer withholds from your regular pay depends on two things:
- The amount you earn.
- The information you give your employer on Form W–4.
For help with your withholding, you may use the Withholding Calculator. This easy-to-use calculator can help you estimate your federal income tax withholding so your employer can withhold the right amount of tax from your pay.