Check Your 2021 Withholding With Online Estimator Tool
February 4, 2021
A new year can bring a fresh start, including for your tax situation. That’s why the IRS is reminding people to check their 2021 withholding by using the IRS Tax Withholding Estimator online tool. Employees can avoid penalties by ensuring they’re having enough tax withheld, but also keep more cash in their pockets by not over withholding. To adjust withholding, employees should submit a new Form W-4 (Withholding Allowance Certificate) to their employers. Self-employed persons can also avoid underpayment penalties by using the tool to check the accuracy of their estimated tax payments and adjust if necessary. Here’s more information, including a link to the Estimator: https://bit.ly/3a8IJ1M
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