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April 2, 2018

IRS urges ‘Paycheck Checkup’ for key groups; tax withholding may need adjustment

 

IR-2018-80, April 2, 2018 Español

WASHINGTON — The Internal Revenue Service today encouraged several key groups of taxpayers to perform a “paycheck checkup” to check if they are having the right amount of tax withholding following recent tax-law changes.

The IRS emphasizes the new tax law changes make it especially important for specific groups of taxpayers to visit the Withholding Calculator on IRS.gov. This includes people in households with two or more jobs, who have children or dependents, who itemize their taxes, or who have high incomes or complex tax situations.

"It's important every year for people to review if they're having the right amount of tax withheld from their paychecks," said Acting IRS Commissioner David Kautter. "This year, it's even more urgent for people to review their situation following the new tax law changes. As people complete their 2017 tax returns, this is a perfect time to take a paycheck checkup."

The IRS unveiled several new features to help taxpayers understand the implications of the new Tax Cuts and Jobs Act and navigate the complex issues affecting withholding. During the Paycheck Checkup campaign, the IRS is highlighting these efforts, including new YouTube videos and a special Tax Tip series.

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