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If you are a W-2 employee, you may have noticed a pleasant surprise in you March net pay – an increase.  While we all like seeing a little extra in their bank accounts, it’s important to make sure the decrease in federal income tax withheld (which is causing the net pay increase) is correct.

 

For taxpayers with straightforward situations, there’s probably nothing to worry about.  But for married couples, people who itemize (or used to itemize) deductions, or those with other sources of income, the withholding tables may not match your current situation.

 

Even the US Treasury is recommending taxpayers check their withholding.  The Treasury tool can be found at https://www.irs.gov/individuals/irs-withholding-calculator.  Need help?  Contact us.  We’re happy to lend a hand.