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  • Writer's pictureHolly Roundtree CPA

2019 – 08/07

The IRS has launched the Tax Withholding Estimator, a new online tool that replaces the IRS Withholding Calculator. According to the IRS, the “Estimator” offers employees, as well as retirees and self-employed persons, a more user-friendly tool for tailoring the amount of income tax they have withheld from wages and pension payments. Features include tips to help users determine if they qualify for various tax credits and deductions; a mobile-friendly design; the automatic calculation of the taxable portion of Social Security benefits; and a self-employment tax calculation for those with self-employment income in addition to wages or pensions. Explore the tool:

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