Although November is always a good time to revisit your tax withholding each year, it is especially appropriate this year for employees who may have you experienced major changes in their income due to furloughs or layoffs, or received a stimulus payment under the CARES Act.
The IRS calls these Paycheck Checkups and conveniently provides a tool for taxpayers to use to help determine whether they are having the right amount of tax withheld from each paycheck. An annual checkup can help them avoid an unexpected tax bill or penalty. Visit: https://www.irs.gov/paycheck-checkup