As a result of the Tax Cuts and Jobs Act, the IRS has released an IRS Withholding Calculator to help individuals determine if they are on target with their federal withholding. The link below reviews the tool, along with withholding calculator frequently asked questions, in both English and Spanish. BLS encourages everyone to refer to this link to conduct a self-check or pass it along to someone that may benefit from the information. If you have immediate questions related to the Tax Cuts and Jobs Act and how it will impact your withholding’s, please contact us at 302.225.0600 or info@belfint.com.

Here is a link to the IRS Media Release: Updated Withholding Calculator, Form W-4Released; Calculator Helps Taxpayers Review Withholding Following New Tax Law.

Photo by John Koetsier  (License)