It’s Time to Check Your Tax Withholding!

9/1/2017 | Written by: Charla Suaste

September is upon us. School is starting, and most of us are gearing up for cooler weather, the upcoming holidays, and the fact that the rest of 2017 is going to fly by. With the short amount of days we have left in 2017, this is the perfect time to evaluate your tax situation and ensure that, come 2018, you’ll have no surprises when you file your tax return. This is especially important if you’ve faced any major life changes, such as getting married or divorced, buying or selling a home, changing jobs, starting school, or facing a natural disaster of any kind.
 

But even if you’ve had a seemingly run-of-the-mill year, even the smallest change can have an effect on your exemptions and credits. For this reason, take the time to evaluate your tax withholding now and make any necessary changes.

To make things easy, the IRS offers a number of resources to help you make sense of your withholding requirements, including YouTube videos and an online withholding calculator. If you find you do need to make withholding adjustments, be sure to visit your employer’s HR department and complete the necessary paperwork.
 

For additional information and resources on how to make your withholding work for you, visit IRS.gov.