Have You Checked Your Tax Withholdings? This Is the Right Time to Do It

Have You Checked Your Tax Withholdings? This Is the Right Time to Do It

If your employer doesn’t withhold the right amount of tax from your paycheck, you may have unpleasant surprises when you file your tax return. Luckily, this situation can be easily avoided using a simple online tool.

How to Check Your Tax Withholding

Tax withholding is the amount of money your employer withholds from your paycheck and sends to the IRS on your behalf.  

Checking your withholdings is important because it helps you make sure that the right amount of money is being withheld from your paycheck.  

It’s particularly important to check your withholdings if you experienced an important life change that may affect your taxes, like having or adopting a child or buying a house.

To check your withholdings, all you have to do is use the online tool called Tax Withholding Estimator and follow the instructions below.

How to Use the Tax Withholding Estimator

To access the Tax Withholding Estimator, just click or tap on this link. Before you begin checking your withholdings, make sure to have the following on hand

  • The most recent pay statements for yourself, and if you are married, for your spouse too.
  • Gather information for other sources of income you may have.
  • Your most recent income tax return.

Once you have all this information, click or tap on the button “Use the Tax Withholding Estimator.”

Answer the various questions the system will ask you. If you have questions about specific words, click on the question marks that appear near some technical terms to read an explanation in plain English.  

The process is safe and totally automated. The Estimator won’t ask you to provide any personal information such as Social Security number, address, or phone number.

The Tax Withholding Estimator provides information useful to most taxpayers. If you need help checking your withholdings or if your tax situation is particularly complex, don’t hesitate to contact our experts today.

Contact the Experts at JT Tax Services

Do you need help preparing your taxes? At JT Tax Services, we give you the peace of mind that comes with knowing that you are limiting your liability while staying compliant with all regulations.

We are located in Oxnard, California. Contact us today by email (info@jttaxservices.com), telephone (805-984-8890), or through our social media accounts on FacebookTwitter, and LinkedIn to schedule a consultation or to learn more about our services.

We will be closed Saturday, Sunday and Monday (July 2nd - 4th)
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