News & Resources

Title

IRS Urges Employees to Perform ‘Paycheck Checkup’

BY: APA Staff | 04/06/18

The IRS is urging employers to direct their employees to perform a paycheck checkup because of the recent changes to the tax laws [IR-2018-80, 4-2-18].

The APA’s Government Relations Task Force Subcommittee on IRS Issues offered recommendations to the IRS on its “Paycheck Checkup” campaign, prior to its release in March.

Employers can direct employees to use the IRS withholding calculator to check their federal income tax withholding to ensure the right amount of tax is taken out of their pay. The IRS hopes to spread the message with this directive: “the earlier people check, the more time there is for withholding to take place evenly during the rest of the year.”

The IRS emphasizes the new tax law changes make it especially important for specific groups of taxpayers to visit the calculator. This includes people in households with two or more jobs, who have children or dependents, who itemize their taxes, or who have high incomes or complex tax situations.

Employees who need to adjust their withholding should fill out a new 2018 Form W-4, Employee’s Withholding Allowance Certificate, and return it to their employer.