Overview
IRS Releases Withholding Calculator: Today, the IRS released an updated withholding calculator and a new version of Form W-4 to help ensure that individual taxpayers have the correct amount of tax withheld from their paychecks following enactment of P.L. 115-97. Acting IRS Commissioner David Kautter stated that the IRS encourages wage-earners to use the calculator to make sure that they are having the right amount of tax withheld for their personal situations.