Daily Tax Report ®

IRS Tax Tip: Take the Guesswork Out of Paycheck Withholding by Using IRS Online Tool (IRC §3402)

Dec. 3, 2019, 6:38 PM

By using the Tax Withholding Estimator on IRS.gov, taxpayers can check to see if their withholding is still accurate, the IRS advised, with a reminder that those who need to make an estimated tax payment for 2019 have a fourth quarter due date of January 15, 2020. The tool helps employees avoid having too much or too little tax withheld from their wages, and helps self-employed persons make accurate estimated tax payments, the IRS said. The tool doesn’t ask for personally identifiable or sensitive information, nor does the IRS save or record the information that is entered. [IRS Tax Tip...

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