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IRS Launches New Tax Withholding Estimator; Redesigned Online Tool Makes it Easier to do a Paycheck Checkup - Taxation News

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IRS Launches New Tax Withholding Estimator; Redesigned Online Tool Makes it Easier to do a Paycheck Checkup

Posted on: Aug 28, 2019

From the IRS:

The Internal Revenue Service recently launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year.

The Tax Withholding Estimator replaces the Withholding Calculator, which offered workers a convenient online method for checking their withholding. The new Tax Withholding Estimator offers workers, as well as retirees, self-employed individuals and other taxpayers, a more user-friendly step-by-step tool for effectively tailoring the amount of income tax they have withheld from wages and pension payments.