Do you need a “paycheck checkup”?

The Tax Cuts and Jobs Act (TCJA) made significant changes that affect federal income tax withholding. The TCJA lowers the income tax rates, changes the tax brackets, increases the standard deduction, removes personal exemptions, increases the child tax credit, and limits or discontinues certain deductions.

These changes may have complicated your wage withholding situation. You might be over or under withholding taxes from your paycheck.

If any of the following apply to you for 2018, we highly recommend the paycheck checkup.

  • Have had withholding
  • Earned self-employment income
  • Saw a significant change in income
  • Experienced a major life event

For anyone who meets one or more of the criteria above, we will need the following information for the review.  You can upload these documents securely here, and we will contact you with our recommendations.

  • Pay stub (W-2, retirement accounts, pensions)
  • Income projection (if you are self-employed)

If you are not comfortable using the portal or have any questions, please feel free to contact our office at 804-266-8846.