![]() Wages paid, along with any amounts withheld, are reflected on the Form W-2, Wage and Tax Statement, the employee receives at the end of the year. ![]() Understand tax withholdingĪn employer generally withholds income tax from their employee’s paycheck and pays it to the IRS on their behalf. Here’s what to know about withholding and why checking it is important. This includes anyone who receives a pension or annuity. The IRS urges everyone to do a Paycheck Checkup in 2019, even if they did one in 2018. Taxpayers can avoid a surprise at tax time by checking their withholding amount. Taxpayers pay the tax as they earn or receive income during the year. ![]() ![]() The federal income tax is a pay-as-you-go tax. Note: August 2019 – this Fact Sheet has been updated to reflect changes to the Withholding Tool. ![]()
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