Blog posts tagged with "withholding"

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Check your 2018 tax withholding — It may need adjusting

April 6, 2018

A lot of people like to receive a refund from the IRS, thinking of it as a form of forced saving. On the other hand, if you underpay your taxes by more than $1,000 and don't meet certain exceptions, you could be hit with a penalty.

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Keywords: tax, withholding

IRS updates 2018 withholding tables

February 2, 2018

The IRS recently released updated income tax withholding tables. These updates are a result from changes in the Tax Cuts and Jobs Act (TCJA) passed in late 2017. Employers will have until Feb. 15 to update their payroll systems. Employees will start seeing the changes to their paychecks shortly thereafter.

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Keywords: withholding