Northwest Iowa — Area residents are being reminded by the Internal Revenue Service that new tax laws mean new calculations for payroll taxes.
IRS spokesman Christopher Miller says you should be sitting down with your tax returns and your paychecks this week in order to consult the IRS’s withholding calculator.
Miller says the special Paycheck Checkup tool on the agency’s website will help you and your employer better tailor your withholdings under the new laws.
The IRS is also asking area businesses to look at their payroll and make sure employees are having the right amount of pay withheld. Miller says changes to the tax law means that the withholdings you might have been using over the last several years are insufficient.
Find the special Paycheck Check-Up page online at IRS.gov.