Body Everyone should check their withholding It’s important to revisit your tax withholding, especially if major changes from the Tax Cuts and Jobs Act affected the size of your refund this year. Even if you did a Paycheck Checkup last year, you should do it again to account for differences from TCJA or life changes. A Paycheck Checkup can help you see if you’re withholding the right amount of tax from your paycheck. Too little could mean an unexpected tax bill or penalty. You will need your . . . fa-check most recent pay stubs fa-check most recent income tax return Use our Tax Withholding Estimator You should check your withholding if you . . . Are a two-income family or someone with multiple jobs Families with two incomes or someone who has multiple jobs may be more vulnerable to being underwithheld or overwithheld following major law changes. The Tax Withholding Estimator can help navigate the complexities of multiple-employer tax situations and determine the correct amount of tax for each employer to withhold. Resources: IR-2019-110, IRS Withholding Calculator can help workers have right amount of tax withheld following tax law changes IR-2019-108, IRS reminder: Get tax withholding right; do a Paycheck Checkup at least once every year IR-2019- 107, IRS continues campaign to encourage taxpayers to do a Paycheck Checkup; use Withholding Calculator to help get right amount for 2019 IR-2019-97, IRS: Doing a 'Paycheck Checkup' is a good idea for workers with multiple jobs IR-2018-124, Two-income families, taxpayers working multiple jobs should check withholding amount Work a seasonal job or only work part of the year Any changes that a part-year employee makes to their withholding can affect each paycheck in a larger way than employees who work year-round. The Tax Withholding Estimator can help taxpayers with part-year employment estimate their income, credits, adjustments and deductions more accurately and check if they have the right amount of tax withheld for their situation. Resources: IR-2019-110, IRS Withholding Calculator can help workers have right amount of tax withheld following tax law changes IR-2019-108, IRS reminder: Get tax withholding right; do a Paycheck Checkup at least once every year IR-2019- 107, IRS continues campaign to encourage taxpayers to do a Paycheck Checkup; use Withholding Calculator to help get right amount for 2019 IR-2018-118, Seasonal, Part-year Workers Urged to Check Tax Withholding Amount Claim the child tax credit The law expanded and made significant changes to the Child Tax Credit. It also suspended the deduction for personal exemptions. Parents and caregivers should do a Paycheck Checkup to determine how these changes could affect their tax situation. Resources: News Releases: IR-2019-112, IRS reminder: Taxpayers can help determine the right amount of tax to withhold from their paychecks by doing a Paycheck Checkup now IR-2019-111, IRS reminds taxpayers to adjust tax withholding to pay the right tax amount IR-2019-110, IRS Withholding Calculator can help workers have right amount of tax withheld following tax law changes IR-2019-108, IRS reminder: Get tax withholding right; do a Paycheck Checkup at least once every year IR-2019- 107, IRS continues campaign to encourage taxpayers to do a Paycheck Checkup; use Withholding Calculator to help get right amount for 2019 IR-2018-217, Get Ready for Taxes: Here’s how the new tax law revised family tax credits IR-2018-167, Taxpayers with children, other dependents should check their withholding soon Tax Tips: Tax Reform Tax Tip 2019-15, Here’s how tax reform affects taxpayers who claim the child tax credit Tax Reform Tax Tip 2018-182, What’s new with the child tax credit after tax reform Have dependents age 17 or older The Tax Cuts and Jobs Act added a new credit. Dependents who can’t be claimed for the Child Tax Credit may qualify taxpayers for the Credit for Other Dependents. This is a credit of up to $500 per qualifying person. Parents and caregivers should do a Paycheck Checkup to determine how these changes could affect their tax situation. Resources: News Releases: IR-2019-112, IRS reminder: Taxpayers can help determine the right amount of tax to withhold from their paychecks by doing a Paycheck Checkup now IR-2019-110, IRS Withholding Calculator can help workers have right amount of tax withheld following tax law changes IR-2019-108, IRS reminder: Get tax withholding right; do a Paycheck Checkup at least once every year Tax Info to Share: Time for a Paycheck Checkup if you have dependents Itemized your deductions in previous tax years The Tax Cuts and Jobs Act nearly doubled standard deductions and changed several itemized deductions. Some individuals who formerly itemized may now find it more beneficial to take the standard deduction. This change could affect how much a taxpayer should have their employer withhold from their pay. Even those who continue to itemize deductions should check their withholding because of these changes. Resources: News Releases: IR-2019-112, IRS reminder: Taxpayers can help determine the right amount of tax to withhold from their paychecks by doing a Paycheck Checkup now IR-2019-111, IRS reminds taxpayers to adjust tax withholding to pay the right tax amount IR-2019-110, IRS Withholding Calculator can help workers have right amount of tax withheld following tax law changes IR-2019-108, IRS reminder: Get tax withholding right; do a Paycheck Checkup at least once every year IR-2019- 107, IRS continues campaign to encourage taxpayers to do a Paycheck Checkup; use Withholding Calculator to help get right amount for 2019 IR-2018-230, Get Ready for Taxes: Tax reform changes likely to reduce number of taxpayers who itemize IR-2018-222, IRS provides tax inflation adjustments for tax year 2019 IR-2018-127, Law change affects moving, mileage and travel expenses IR-2018-122, IRS issues notice on state and local tax deductions IR-2018-32, Interest on Home Equity Loans Often Still Deductible Under New Law IR-2017-210, IRS Advisory: Prepaid Real Property Taxes May Be Deductible in 2017 if Assessed and Paid in 2017 Tax Tips: Tax Reform Tax Tip 2019-73, All taxpayers should check their withholding ASAP YouTube Videos: Mortgage Interest Deduction: English | Spanish | ASL Tax Info to Share: Check Your Withholding ASAP Have high income or a complex tax return A Paycheck Checkup is especially important for taxpayers with high incomes and complex returns because they are likely affected by more of the changes in the law than people with simpler returns. A Paycheck Checkup is also important for taxpayers who make quarterly estimated tax payments to cover other sources of income or those who are subject to the self-employment tax or alternative minimum tax. Resources: News Releases: IR-2019-149, New IRS Tax Withholding Estimator helps workers with self-employment income IR-2019-110, IRS Withholding Calculator can help workers have right amount of tax withheld following tax law changes IR-2019-108, IRS reminder: Get tax withholding right; do a Paycheck Checkup at least once every year IR-2019-105, IRS reminder: June 17 is next deadline for those who pay estimated taxes IR-2018-165, Taxpayers with high incomes, complex returns: Check withholding soon Tax Info to Share: Ways to Check Your Withholding on IRS.gov Had a large tax refund last year The Tax Cuts and Jobs Act made major changes to the tax law. Any of these far-reaching changes could affect refund amounts. The IRS encourages everyone, including those who typically receive large refunds, to do a Paycheck Checkup to make sure they have the right amount of tax taken out of their pay. Resources: IR-2019-178, Get Ready for Taxes: Get ready today to file 2019 federal income tax returns IR-2019-112, IRS reminder: Taxpayers can help determine the right amount of tax to withhold from their paychecks by doing a Paycheck Checkup now IR-2019-111, IRS reminds taxpayers to adjust tax withholding to pay the right tax amount IR-2019-110, IRS Withholding Calculator can help workers have right amount of tax withheld following tax law changes IR-2019-108, IRS reminder: Get tax withholding right; do a Paycheck Checkup at least once every year IR-2019- 107, IRS continues campaign to encourage taxpayers to do a Paycheck Checkup; use Withholding Calculator to help get right amount for 2019 IR-2018-163, Got a big tax refund? Use IRS Withholding Calculator to boost take-home pay in 2018 Had a tax bill last year Taxpayers who owed additional tax when they filed their last federal tax return can avoid another unexpected tax bill next year by doing a Paycheck Checkup. Resources: IR-2019-178, Get Ready for Taxes: Get ready today to file 2019 federal income tax returns IR-2019-112, IRS reminder: Taxpayers can help determine the right amount of tax to withhold from their paychecks by doing a Paycheck Checkup now IR-2019-111, IRS reminds taxpayers to adjust tax withholding to pay the right tax amount IR-2019-110, IRS Withholding Calculator can help workers have right amount of tax withheld following tax law changes IR-2019-108, IRS reminder: Get tax withholding right; do a Paycheck Checkup at least once every year IR-2019- 107, IRS continues campaign to encourage taxpayers to do a Paycheck Checkup; use Withholding Calculator to help get right amount for 2019 IR-2018-145, Tax bill this year? Check withholding soon, avoid another one next year You can use the results from the Tax Withholding Estimator to determine if you should: complete a new Form W-4, Employee's Withholding Allowance Certificate, and submit it to your employer. complete a new Form W-4P, Withholding Certificate for Pension or Annuity Payments, and submit it to your payer. make an additional or estimated tax payment to the IRS before the end of the year. Helpful resources Tax Withholding Estimator Tax Withholding Estimator Frequently asked questions Step-by-step instructions Tax reform News Resources Steps to take now to get a jump on next year’s taxes Withholding and estimated taxes Tax withholding Estimated taxes Tips for updating Form W-4 Pay as you go, so you won’t owe Publication 505, Tax Withholding and Estimated Tax Forms Form W-4, Employee’s Withholding Allowance Certificate Form W-4P, Withholding Certificate for Pension or Annuity Payments Form 1040-ES, Estimated Tax for Individuals Partners and stakeholders Get free Tax Cuts and Jobs Act materials to share with your customers, employees, volunteers, etc.