EPISODE · Jul 11, 2020 · 15 MIN
IRS says a Paycheck Checkup helps avoid tax surprises
from Tax & Current Accounting Topics
IRS says a Paycheck Checkup helps avoid tax surprises https://www.irs.gov/newsroom/irs-says... https://accountinginstruction.info The Internal Revenue Service is reminding taxpayers that using the IRS Tax Withholding Estimator to do a Paycheck Checkup can help them have the right amount of tax withheld and avoid surprises when filing next year. Because income taxes are pay-as-you-go, taxpayers are required by law to pay most of their tax as income is received. There are two ways to do this: Through withholding from paychecks, pension payments, Social Security benefits or certain other government payments. Making quarterly estimated tax payments throughout the year for income not subject to withholding.
Embed this episode
NOW PLAYING
IRS says a Paycheck Checkup helps avoid tax surprises
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.