By Payroll and Entitlements Editorial Staff
The IRS has launched a new and improved Tax Withholding Estimator that allows users to choose the refund amount they prefer from a range of different refund amounts to help workers more effectively adjust their withholding. The exact refund range displayed is customized based on the tax information entered by that user. Based on the refund amount selected, the Tax Withholding Estimator will give the worker specific recommendations on how to fill out their W-4. This new option allows users who seek either larger refunds at the end of the year or more money on their paychecks throughout the year to have just the right amount withheld to meet their preference.
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