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New IRS Tax Witholding Estimator

Many of our clients live and/or work in the US, and each year need to calculate what percentage withholding tax for their employer to withhold from their wages.

This not only affects those living in the US, but also those who work temporarily in the US, or receive income for ad hoc work.

The calculations required all expected income for the year to be taken into account, and also what credits/deductions the client may be eligible for.

Fortunately, the IRS has now simplified the process and created an easy to use online calculator. The calculator has already been used by a number of our clients, who have found it easy to determine what their withholding obligation will be.

The calculator can be found at:

https://www.irs.gov/individuals/tax-withholding-estimator

We're standing by to assist anybody with any questions, or who needs any help using the calculator.