With the New Tax Laws, Do a Paycheck Checkup

Carlie Headapohl, CDFA®

March 30, 2018

With the new changes to the tax laws, do a quick “paycheck checkup”.

This should be done for W-2 employees including self-employed individuals that pay themselves W-2 wages.

It is also a good idea if you are going through a divorce, paying spousal support, buying or selling a home, or have other changes to your income or taxes to review your withholding. This can help with your monthly cash flow. Just make sure you don’t under-withhold and end up with a surprise tax bill come tax time.

Use the link below to recalculate your withholding and consider providing your employer with a new W-4. 

IRS Withholding Calculator

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