USPS: Employees urged to do paycheck checkup

USPS and the Internal Revenue Service are encouraging employees to conduct a paycheck checkup to determine whether they need to update their tax withholding for 2020. Updating federal withholding is especially important for employees who had an unexpectedly high tax bill or a penalty this year. Similarly, employees who have had a major life change…

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USPS: IRS wants you to check your federal withholding

The IRS is encouraging Postal Service and other employees to review their 2019 federal income tax withholding. According to the IRS, withholding changes made in 2018 as a result of the new tax law may have a different effect if left in place for all of 2019. The IRS offers an online withholding calculator that…

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USPS: Employees should review federal withholding

The Internal Revenue Service (IRS) wants USPS and other employees to review their federal income tax withholding. Several tax law changes took effect this year. By checking your withholding now, you can avoid an unexpected bill or penalty at tax time. The IRS offers an online withholding calculator that can help you determine if you…

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USPS: Tax withholding update

USPS wants you to know about recent updates to Form W-4 and the Internal Revenue Service’s online withholding calculator. Last week, the IRS released a new version of Form W-4, Employee’s Withholding Allowance Certificate, which is used to determine an employee’s federal income tax withholding. The IRS didn’t make significant changes to the form itself….

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USPS: Payroll checks to reflect Fed Tax changes in Pay Period 04-2018

Federal Income Tax Withholding Effective Pay Period 04-2018, payroll checks will reflect changes in the withholding of federal taxes. All information in this article is based on Internal Revenue Service (IRS) Notice 1036, revised January 2018. The Early Release Copies of the Percentage Method Tables for Income Tax Withholding will appear in IRS Publication 15…

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