USE TAX CALCULATOR TO MAKE ACCURATE RETURN
April 28, 2022 - Douglas Myser
Use tax calculator to make accurate return. With the Tax Season for the majority of Taxpayers now behind us, the IRS is memo IR-2022-81, April 13, 2022, is urging Taxpayers to use the Withholding Estimator to ensure the accuracy of tax returns. The Withholding Calculator is a Free toll you can find on the IRS Website at IRS.GOV. You can use it anytime to check on the amount that is being withheld from your paycheck to make sure you are withholding enough. This can be done for the tax year coming up, 2022, and for every year henceforth. It works for anyone, workers, self employed individuals, and retirees, who have wage income. It has a friendly user interface for effectively tailoring the amount of income tax to withhold from your taxes. 2021 refund to big, too small ? Surprise tax bill ? If any of these apply, the Tax Withholding Estimator can help anyone to make sure it doesn't happen again by having the right amount of taxes taken out for 2022. Use tax calculator to make accurate return.
For employees, withholding is the amount of federal income tax taken out of their paycheck. Taxpayers can use the results from the Tax Withholding Estimator to determine if they should complete a new form W-4 and submit it to their employer. Checking the withholding can: Ensure the right amount of tax is withhold and prevent an unexpected tax bill or penalty at tax time and determine whether to have less tax withheld up front, thereby boosting take home pay and reducing any refund at tax time. If you have questions about how to do this, call our Tax Resolution Services for help.
The IRS recommends checking withholding at least once a year. For anyone who has just finished filling out their 2021 return, now is a particularly good time to do it. If you found that you owed a large tax bill and need options, contact this 36 year old Tax Resolution firm for Tax Relief options, including the options in the IRS Fresh Start Program. If you live in the Columbus area the Columbus IRS Fresh Start Program might be for you. Any other area of the country we can offer the IRS Fresh Start Program, which is a a better alternative that an IRS Wage Garnishment.