| The IRS provides a tax calculator which taxpayers | | | | or both spouse's W-4 Forms to include more or less |
| can use to estimate the amount of taxes he/she may | | | | withholding tax. Individuals expecting to receive a large |
| owe at the end of the year. Taxpayers can used their | | | | pension can use the calculator to adjust withholding, so |
| most recent pay stubs to generate responsible | | | | they won't end up with a huge tax bill. |
| estimates. Waiting until April 14 to concern yourself with | | | | In 2009, the first $2400 of unemployment is tax free, |
| how much you owe - is too late. There is very little | | | | and the IRS calculator includes this factor into the |
| that you can do to change your tax liability, except | | | | software program. In order to experience the full |
| maybe contribute to an IRA. | | | | benefits of the IRS tax calculator, you will need your |
| Taxpayers who work two or more jobs, especially at | | | | most recent pay stubs and a copy of last year's tax |
| the same time, can use the tax calculator to better | | | | return. The IRS states that none of the information |
| understand their tax liability. Or, to change their W-4 | | | | used in the tax calculators, is saved, shared or used, |
| Forms, in order to increase income and lower tax | | | | by the IRS. |
| withholding, without having to owe at the end of the | | | | You can find the IRS Tax Calculator by visiting: irs.gov |
| tax year. | | | | and putting in the words "tax calculator" in the search |
| Spouses who both work and need more disposable | | | | box at the top of the page. |
| cash each month can use the calculator to adjust one | | | | |