Both the Internal Revenue Service and the financial rate aggregation website Bankrate offer complete and up-to-date payroll deduction charts and calculators. Taxpayers may enter specific information pertaining to their income in order to calculate the impact of their payroll deduction decisions.Continue Reading
Bankrate also provides complete definitions for frequently used terms related to payroll deductions and income, a pie chart breakdown of specific payroll deductions and multiple charts that break down withholding rates by single or married status.
The IRS calculator performs similar functions. The calculator can benefit employees who wish to change their withholding amount, workers with multiple jobs, two-income couples and workers with non-wage income.Learn more about Taxes