Special Edition - e-News for Payroll Professionals - Launch of new Tax Withholding Estimator
Internal Revenue Service (IRS) sent this bulletin at 08/06/2019 11:57 AM EDT
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Useful Links:Payroll Professionals |
Issue Number: 2019-08Inside This Issue
IRS launches new Tax Withholding Estimator online tool The Internal Revenue Service is alerting the payroll community about today’s launch of a new IRS Tax Withholding Estimator online tool. It replaces and expands the old IRS Withholding Calculator. The new tool offers a robust, mobile-friendly, step-by-step way for workers, as well as retirees, self-employed individuals and others to tailor the amount of income tax withheld from their wages and pension payments. In designing the Tax Withholding Estimator, the IRS listened carefully to the concerns of payroll professionals and other stakeholders. As a result, the new tool
Like last year, the IRS urges everyone to do a Paycheck Checkup and review their withholding for 2019. This is especially important for taxpayers who faced an unexpected tax bill when they filed this year, those who have a major life change in 2019. Those most at risk of having too little tax withheld include those who itemized in the past but now take the increased standard deduction, as well as two-wage-earner households, employees with nonwage sources of income and those with complex tax situations. Thank you for subscribing to e-News for Payroll Professionals an IRS email service. This message was distributed automatically from the mailing list e-News for Payroll Providers. Please Do Not Reply To This Message To subscribe to or unsubscribe from another list, please go to the e-News Subscriptions page on the IRS website. |