The Internal Revenue Service has provided this application is to help employees to ensure that they do not have too much or too little income tax withheld from their pay. It is not a replacement for Form W-4, but most people will find it more accurate and easier to use than the worksheets that accompany Form W-4. You may use the results of this program to help you complete a new Form W-4, which you will submit to your employer.
The federal income tax withholding system was implemented in 1943 through the Current Tax Payment Act. This system made it legal for the government to collect the resources necessary to fund national programs.
Tips for Using This Program:
If you will be subject to alternative minimum tax, self-employment tax, or other taxes; or If any of your current jobs will end before the end of the year - you will probably achieve more accurate withholding by following the instructions in Publication 919, How Do I Adjust My Tax Withholding?
NOTE: The information you provide is anonymous and will only be used for purposes of this calculation. It will not be shared, stored or used in any other way, nor can it be used to identify the individual who enters it. It will be discarded when you exit this program.Type your paragraph here.
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