IRS Urges Taxpayers to Check Their Withholding

In a recent news release, the IRS encourages taxpayers to be sure the correct amount of tax is being withheld from their paychecks, as there is a good chance next year’s refunds will be delayed by new identity theft and fraud protections implemented by the IRS and states.

 

In a recent news release, the IRS encourages taxpayers to be sure the correct amount of tax is being withheld from their paychecks, as there is a good chance next year’s refunds will be delayed by new identity theft and fraud protections implemented by the IRS and states.

“With these changes, it makes good sense on many different levels to check on your withholding and plan ahead for next tax season,” said IRS Commissioner John Koskinen. “It’s a personal choice if you want to have extra money withheld to get a bigger tax refund, but you have options available if you prefer to have a smaller refund next year and more take-home money now.” (IR-2016-117.)

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