Paycheck Checkup

Brian Gile, Financial Reporting Accountant | Aug 31, 2018

The IRS recently issued a news release urging taxpayers, especially ones with children or dependents, to double check their tax withholdings. With all of the tax changes that have happened in the past year, and still four months left in 2018, now is a great time to make sure that your tax situation is on track for you to avoid any surprises when filing your 2018 tax return next year.

The IRS specifically mentioned those with children and dependents because there have been significant changes to those sections of the tax code. The base child tax credit has increased, and the different credits involved with children and dependents have changed drastically from what you may have been used to in the past.

The most accurate way to check your withholding status is to use the IRS withholding calculator Using this calculator helps you determine if adjustments are needed before the end of year. The longer you wait to make any necessary changes, the more those changes may affect your normal paycheck.

If any changes are needed, fill out a new W-4 form , and submit it to your employer. The Employer Group helps its clients and their employees with administering tax withholdings. If you’re looking for an experienced payroll team to be a great resource to your business, contact The Employer Group at, or call 800.406.9675.


* We are thrilled you are looking to our Newsfeed as a source of current HR information - after all, The Employer Group is your Human Resource Resource. One of the best features about our News Feed is that the entries are timely. You get up-to-date information on what’s going on in HR, right now. The downside is that the law doesn’t always stay the same. That means we can’t guarantee you are getting the most up-to-date information when reading through past entries. Please don’t take our News Feed and rely on it as legal advice. As you know, The Employer Group does not provide legal advice. If you’ve got questions about an entry, give us a call. We are more than happy to assist.