92°F
weather icon Clear

IRS launches new tax withholding estimator

The Internal Revenue Service recently launched the new “Tax Withholding Estimator,” an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year.

The new Tax Withholding Estimator offers workers, as well as retirees, self-employed individuals and other taxpayers, a step-by-step tool for effectively tailoring the amount of income tax they have withheld from wages and pension payments,.

Features include:

Plain language throughout the tool to improve comprehension.

The ability to more effectively target at the time of filing either a tax due amount close to zero or a refund amount.

A new progress tracker to help users see how much more information they need to input.

The ability to move back and forth through the steps, correct previous entries and skip questions that don’t apply.

Enhanced tips and links to help the user quickly determine if they qualify for various tax credits and deductions.

Self-employment tax for a user who has self-employment income in addition to wages or pensions.

Automatic calculation of the taxable portion of any Social Security benefits.

A mobile-friendly design.

See more at irs.gov

Don't miss the big stories. Like us on Facebook.
THE LATEST
Miller joins Nevada National Security Site

The Nevada National Security Site announced this week that Neile Miller joined the organization as the chief strategist.

Pahrump nonprofit gets upgraded through grant from Home Depot

A nonprofit organization in Pahrump is planning the next stages of its growth after a grant helped with upgrading its existing space on the north end of town.

Free medical help returning to Pahrump

Remote Area Medical is an international nonprofit organization dedicated to bringing free medical services to underserved and uninsured individuals with mobile clinics held all over the globe each year.

Valley reverses move to push for creating tiered system for its net metering program

Valley Electric Association Inc.’s board reversed its position on plans to potentially institute a tiered system for co-op customers that have or plan to install rooftop solar or other renewable energy power-generation systems and utilize Valley’s net metering program.

IRS automatically waives a tax penalty

The Internal Revenue Service is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver.

Workforce development training gets boost in Nevada

More than $2.4 million in state-funded equipment for workforce development programs at Nevada colleges was authorized earlier this month to remain with the schools to continue the various specialized training to support the employment needs of the state’s industries.

Community investment tour makes a stop in Pahrump

A presentation was made by the Workforce Connections (WC), Southern Nevada’s local workforce development board, and others, at the NyE Communities Coalition building to highlight millions in federal funding being put into Nye County and other parts of Southern Nevada employment and training programs.