We met up with an IRS representative and have some important info for you.
They recommend that you do a paycheck checkup to see that your employers withhold the right amount of income tax from your paychecks.
This is important because checking your federal income tax withholding now can avoid an unexpected bill or penalty at tax time.
You should check if you:
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 2017.
Have high income or a complex tax return.
Have a large tax refund or tax bill for 2017.
Once you do the calculations and get the results, then what?
This helps determine whether you need to give your employer a new Form W-4 to adjust your income tax withholding.