The IRS has launched a new and improved Tax Withholding Estimator, which it said is “designed to help workers target the refund they want by having the right amount of federal income tax taken out of their pay.” The revised online tool incorporates the changes from the redesigned Form W-4. If an adjustment is needed, the Tax Withholding Estimator provides recommendations on how to complete an employer’s online Form W-4 or provides the PDF form with key parts filled out. The IRS stressed that people with more than one job may have to adjust their withholding to avoid having too little withheld. The Tax Withholding Estimator can be found here: https://bit.ly/3aBruW2 Call or visit our website for more information! www.mjscpa.com/
