The Internal Revenue Service, USA will provide a FREE online, web-based information session in two languages on Thursday, March 28, 2019, to help people understand how to do a ‘Paycheck Checkup.’
Doing a Paycheck Checkup means checking tax withholding using the IRS Withholding Calculator and making any necessary adjustments to avoid having too little or too much tax withheld from paychecks.
The Withholding Calculator is an accurate, simple way for most taxpayers to determine their correct withholding amount. The tool allows taxpayers to enter their expected 2019 income, deductions, adjustments and credits – including the Child Tax Credit.
The two 60-minute webinars, one in English and one in Spanish, include a special Q&A session. The sessions cover the basics of using the online IRS Withholding Calculator and detail the different situations that may require taxpayers to adjust their withholding, including those who:
Had a large tax refund or tax bill for 2018 when they filed their tax return this year.
Adjusted their tax withholding in the middle or later part of 2018.
Had a major life change this year.
Are a two-income family.
Have two or more jobs at the same time or only work part of the year.
Claim credits like the Child Tax Credit.
Have dependents age 17 or older.
Itemized deductions in the past.
Have high income or a complex tax return.
Have a large tax refund or tax bill for 2018.
Register to attend either language version of this webinar on March 28; the Spanish webinar starts at 11 a.m. Eastern, and the English webinar begins at 2 p.m. Eastern.
It is recommended attendees log in 10 minutes prior to the start time.
Closed captioning will be available.