income tax rates percent finance cuts IRS 1040 hike generic return. ISTOCKPHOTO via CBS News.

Get the right take-home pay with an IRS tax calculator

With only one week to the IRS tax filing deadline, now is a good time to make sure your tax withholding is the right amount.

The government-issued calculator lets you estimate 2019 take-home pay based on your income and other factors that influence taxes such as filing status and dependents.

The calculator was launched following the Republican tax plan that passed in December 2017.

“The IRS encourages everyone to use the Withholding Calculator to perform a quick ‘paycheck checkup,’” the IRS said on their website.

What you withhold for 2019 could be different than what you originally wrote on your employment forms when you were hired. Any changes could affect whether you get too much or too little money back.

The revised version of this tax withholding calculator can be used here.

Writer:WINK News
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