IRS Announces New, User-Friendly, Tax Withholding Estimator

The IRS recently launched a new Tax Withholding Estimator on its website.  The new estimator is designed to be more user-friendly than the previous Paycheck Checkup tool that was available.

Consider using the estimator if you received a large refund or owed a large amount of tax when you filed your 2018 return, or if you’ve had a significant change in circumstances from last year such as getting married or starting a new job.  To get started you’ll need your most recent paystub(s) and your 2018 tax return.

For more information and to start using the estimator use the link below:

https://www.irs.gov/individuals/irs-tax-withholding-estimator

For advice and tax planning strategies to reduce your tax bill reach out to your Hertzbach advisor or info@hertzbach.com .