Federal Tax

IRS Reminder: Review Your Tax Withholding

With the final quarter of 2020 underway, the IRS is reminding you to review your tax withholding. That can help avoid unexpected shortfalls when you file your tax return, or depending on the adjustment, boost take home pay this quarter. You can view the taxes owed, your payment history and other key details from your most recent tax return here. And you can use this estimating tool to calculate how much you should be withholding. The IRS also provides a list of issues that may affect your 2020 tax bill, including the COVID-19 pandemic relief, unemployment and disasters. See the list here. Contact us with questions. © 2020