New Tax Law Implementation: Monitor changes in your Paycheck as of March 26, 2018
Following recent tax changes and the approach of the April tax deadline, the IRS is launching a special week beginning Monday, March 26 to encourage taxpayers to do a “paycheck checkup” to ensure they are having the right amount of taxes withheld at work.
The week-long campaign will show taxpayers how a “paycheck checkup” can help them prevent having too much or too little tax withheld from their paychecks. These steps can help avoid an unexpected tax bill or potential penalty at tax time in 2019. And with the average refund topping $2,800, some may prefer to get more money in their paychecks now.
The campaign will also show taxpayers how the Withholding Calculator tool on IRS.gov can help them accomplish a “paycheck checkup” and decide if they need to change their withholding with their employer. Several categories of taxpayers will be especially encouraged to review their tax withholding.
The “Paycheck Checkup” week will include a series of:
The week-long campaign will show taxpayers how a “paycheck checkup” can help them prevent having too much or too little tax withheld from their paychecks. These steps can help avoid an unexpected tax bill or potential penalty at tax time in 2019. And with the average refund topping $2,800, some may prefer to get more money in their paychecks now.
The campaign will also show taxpayers how the Withholding Calculator tool on IRS.gov can help them accomplish a “paycheck checkup” and decide if they need to change their withholding with their employer. Several categories of taxpayers will be especially encouraged to review their tax withholding.
The “Paycheck Checkup” week will include a series of:
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Tax reform tax tips
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Special news releases this week and in the weeks ahead
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YouTube videos
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Social media efforts about #PaycheckCheckup, including an IRS Thunderclap?. ?To support this effort and help spread the word about a national #PaycheckCheckup, please sign up now ?at http://thndr.me/7BvGKI.? ?
What: IRS “Paycheck Checkup” Campaign
When: Beginning Monday, March 26, 2018
Where: Via email distribution, including e-News for Tax Professionals; Online atIRS.gov/news; Twitter: @IRSTaxPros; Thunderclap:http://thndr.me/7BvGKI