Perform A Paycheck CheckupSubmitted by U.S. Wealth Oman on June 12th, 2019
By: Gary R. Oman
If you didn’t like the results when you filed your 2018 federal tax return, it may be a good idea to check your federal withholding for 2019. With a little over six months to go, there is sufficient time to estimate if you are having enough taxes withheld to achieve the results you want for 2019. Here’s one way to do it…
Go to "irs.gov" then scroll down a little to “Do a Paycheck Checkup Now”, you’ll see a picture displaying the corner of a monthly calendar with the 31st circled. Click in the middle of the picture, note the suggested information needed then click, “Use our calculator”. It’s fairly intuitive. Either use your tab key to advance to the next input field or click on the next field with your mouse. The results will indicate whether your projected federal withholding is sufficient to pay your 2019 tax and, if not, how much needs to be withheld between now and the end of the year to cover the expected federal income tax.
Please let us know if you have any questions or can help you in any way.