WASHINGTON, April 17 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following news release:
The IRS encourages taxpayers to use the IRS Tax Withholding Estimator to ensure they're withholding the correct amount of tax from their pay in 2024.
This digital tool provides workers, self-employed individuals and retirees with wage income a user-friendly resource to effectively adjust the amount of income tax withheld from their wages.
The Tax Withholding Estimator will help taxpayers avoid unwanted results in 2024 if the refund for their 2023 return was too large, too small or if they received a surprise tax amount due.
Benefits of using the Estimator
For employed individuals, withholding refers to the federal in...