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Now is the Time for Employees to Check Their Withholdings

- January 25, 2021

CPU along with the IRS recommends employees check their withholdings at the beginning of each tax year or when personal circumstances change. Have staff members review the Employee’s Withholding Certificate now to confirm that they’re having the right amount of tax withheld from their paychecks. Employees should not wait for next tax season to look at their pay stubs; it might be too late to make sure they don’t owe more taxes.

What You Can Do Now
Direct your employees to use the IRS Tax Withholding Estimator to ensure they’re withholding the right amount in their paychecks. If any changes need to be made, have those made right away. Remember, we cannot, nor should you, give employees tax advice.

CPU can work with you on all your payroll needs. Reach out with any questions or needs today.