IRS reminder: Get tax withholding right. Do a Paycheck Checkup at least once every year.

The Internal Revenue Service has released the news regarding the revised W4 for 2019. Along with the release, the IRS is urging taxpayers to review their 2019 tax withholding using the IRS Withholding Calculator and make any changes to their W4 if necessary.  The IRS recommends everyone do a Paycheck Checkup as early in the year as possible.

If your findings require you to adjust your tax withholding, the amount of tax to be withheld can be spread across remaining paychecks in the year. As a TCU employee, you will need to log in to my.tcu.edu, under the Payroll Tile click the W4 Tax Information link.

For more details:

https://www.irs.gov/newsroom/irs-withholding-calculator-can-help-workers-have-right-amount-of-tax-withheld-following-tax-law-changes

https://www.irs.gov/newsroom/tax-withholding-how-to-get-it-right

https://www.irs.gov/pub/irs-pdf/fw4.pdf