New IRS Withholding Calculator

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IRS Withholding Calculator

IRS Withholding CalculatorDo you need to change your payroll withholding for next year’s new tax laws?

Many of you (employers and employees), have been asking how to determine form W-4 withholding requirements since ‘exemptions’ and ‘dependents’ are no longer part of the tax equation.

The IRS released the new calculator. 

Go to the IRS website (link above) and enter your numbers into the withholding calculator. It will tell you if you need to change your exemptions for 2018 with your HR department or payroll department.

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Karen Ault, EA
Tax Consultant, Accountant, Quickbooks Pro Adviser

Karen is an Enrolled Agent (EA) which means she is authorized by the U.S. Dept. of Treasury to represent taxpayers, business entities, and estates before the IRS in tax preparation, audits, collections, and appeals. 

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