The new tax laws may affect your taxes drastically. If you are like us and don’t like the kind of surprises that involve having to pay out money, make sure your withholding is sufficient to cover your taxes.
The IRS Withholding Calculator is the best tool for this. It is surprisingly easy to use, as well. You will need information from your previous year’s tax return, along with your most current pay stub.
You can do a checkup at any time, and the calculator will advise you on what to withhold in order to get caught up by the end of the year. This is very useful in case your situation changes.
You can find the calculator at https://www.irs.gov/W4App. You can also find this link on our Resources page, along with a Form W-4 that you can download and fill out.