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Payroll Today

I used the IRS’ withholding calculator. It did not go well

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Alice Gilman

by on
in Payroll Today

I am not a patient person. I am not good at math. Neither, I suspect, are most employees.

No doubt that will disappoint acting IRS Commissioner David Kautter, who commented recently that he’d like it if 200 million employees used the new IRS withholding calculator.

In an effort to assuage the acting commissioner—and because we’ve been writing about the IRS’ withholding calculator for some time—we at Payroll Today thought it would be a good idea if someone tried it out. Guess who drew the short straw?

Wanted: One guinea pig

To use the calculator, the IRS recommends that you have handy your most recent pay stub and your 2017 tax returns.

Uh oh.

For this little experiment, I decided to behave like a typical employee. So right off the bat, I ignored the advice about having my most recent pay stub in front of me. Payroll pros know that employees mostly don’t look at their pay stubs at all.

And that’s your fir...(register to read more)

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