Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Federal Income Taxes and other Taxes topics.
The IRS offers an excellent tool to help taxpayers find out if they are having the correct amount of tax withholding from their paychecks. Upon using the calculator, taxpayers can adjust the amount of taxes they have withheld from their pay. The calculator is found online via the IRS website. Known as ‘IRS Withholding Calculator', it is a very beneficial tool for taxpayers to use. Plus, it is easy.
It is important to note that whatever information you input while using this online calculator will be discarded after you are done. Also, while you are using this information, you are anonymous. That is comforting to know for those of us concerned about identity theft or unsafe information being transmitted across the Internet.
|Jennifer Mathes, Ph.D.|