232 HERITAGE PARK DRIVE, SUITE # 102

MURFREESBORO, TN 37129

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(615) 900-1441

lindsey@risolutions.net

232 HERITAGE PARK DRIVE, SUITE # 102

MURFREESBORO, TN 37129

Federal Withholding

Should I adjust my payroll withholdings?

Each April many taxpayers are surprised as they realize that they have either over-withheld or under-withheld on their taxes. Use this paycheck withholding calculator at least annually to help determine whether you are likely to be on target based on your current tax filing status and the number of W-4 allowances claimed. Then make adjustments to your employer W-4 form, if necessary, to more closely match your 2018 federal tax liability. In the event of a projected tax surplus, you may be able to increase your W-4 paycheck withholding allowances and, thereby, increase your paycheck amount.

Note: This calculator uses the withholding tables released by the IRS on January 10, 2018.

Due to the “Safer at Home” order, we are restricting appointments to either virtual or over the phone only. Our wish is to keep everyone safe in these uncertain times.

If you have any questions, please call us at (615) 900-1441. We are still currently working from our office and can answer any questions you may need answered over the phone.

Stay Safe! – The Retirement Income Solutions Team