Page 48 - Avoid False Claims

Benefits of using the

Estimator

- For employees,
withholding is the

amount of federal

income tax taken out of

their paycheck. Workers

can use the results from

the Tax Withholding

Estimator to determine
if they should complete

a new Form W-4 and

submit it to their What records are needed?

employer.

The Tax Withholding Estimator?s results are
only as accurate as the information entered.
Benefits of using the To help prepare, the IRS recommends

taxpayers gather:
Estimator
- Their most recent pay st at ement s
and, if married, st at ement s for
For example, checking t heir spouse.

withholding can: - Informat ion for ot her sources of
income.
- Their most recent income t ax
- Ensure the right amount of
ret urn
tax is withheld and prevent an

unexpected tax bill or
/!\ More informat ion
penalty at tax time.
- For more information on federal taxes
- Determine whether to have please visit IRS.gov. /!\

less tax withheld from each

paycheck, boosting
take-home pay and

reducing refunds at tax time.