![]() This tool can be helpful if an earlier tax return resulted in tax owed or a large refund. The Tax Withholding Estimator is a tool on IRS.gov that can help taxpayers determine the right amount of tax to have withheld from their paychecks. Be sure paychecks have enough tax withheld time running out to make 2023 changes Taxpayers should gather Forms W-2, Wage and Tax Statement, Forms 1099-MISC, Miscellaneous Information, and other income documents before filing their return.ĭon't forget to notify the IRS of an address change and be sure to notify the Social Security Administration of any legal name changes as soon as possible. Most income is taxable, including unemployment compensation, refund interest and income from the gig economy and digital assets. It helps avoid errors that can slow down refunds and may also help find overlooked deductions or tax credits. Organizing tax records makes it easier to prepare a complete and accurate tax return. Get email notifications for new account information or activity. ![]()
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