We’ve all heard of the importance of regular health checkups and many of us also schedule automobile checkups and tune-ups periodically. Now the IRS is reminding everyone of the importance of a regular paycheck checkup as well!

With the recent tax law changes in effect, the IRS wants to help prevent unexpected and unwanted tax bills or penalties which could occur during tax filing season if employees are under-withholding.  By accessing the IRS Withholding Calculator and using the online tools, your employees can better determine if they may need to update or change their current Form W-4, Employee’s Withholding Allowance Certificate, which impacts paycheck tax withholdings. Please encourage your employees to review the IRS flyer at the following location for more details: https://www.irs.gov/pub/irs-pdf/p5303.pdf

Employees may make changes to their W-4 at any time by accessing their account online or by submitting a new Form W-4 to their Payroll/HR representative. The latest Form W-4 is available here AND online in the HCM portal: https://www.irs.gov/pub/irs-pdf/fw4.pdf