WASHINGTON, DC (Wisconsin Radio Network) — It’s Small Business Week, and the IRS is reminding people that the new tax laws mean new calculations for payroll taxes.
Spokesman Christopher Miller says both employees and employers should be sitting down with their taxes and consult the IRS’s withholding calculator. “The withholding tables also changed, and that means that what’s being taken out of their paycheck may have changed, and they need to be aware of that.”
You can find the special Pay Check Check-Up page online at I R S dot Gov. “You enter some information about your situation, and it will help you understand whether the right amount for your particular situation is being withheld from your paycheck,” Miller said.
