2020 W2 Tax Withholding Estimations- How To Do It!
Are You Sick Of Guessing Your Tax Obligation?
Most of us are. Too much withholding? Too little? Am I going to get hit with a penalty? Or a big bill at tax time? Or a huge refund?
Well, the Feds have put together a really nice tax estimator that is very easy to use and quite useful.
This is a great resource for all employees to use during the year to check that their tax withholding is reasonably accurate. The nice part of this tool is that it provides for a large variety of contingencies, such as supplemental payments, multiple sources of income, and other complicating factors.
I suggest that you do your own estimates using this tool, AND give it to all of your employees to check their situation prior to submitting or updating their W2 forms.
Direct Access to the ENGLISH VERSION of the estimator
