Symmetry Software, creators of paycheckcity.com and specialists in payroll withholding tax solutions for payroll service providers and large employers, announced today the completion of the 2015 tax updates to PaycheckCity®. The updates include hundreds of tax changes in the calculators, and individuals can now accurately calculate their first paycheck of 2015!
PaycheckCity®’s online payroll calculators have been updated to include the latest 2015 tax information following annual changes in federal, state, and local tax codes. Individuals can use the site’s self-service tools to model what their take-home pay will look like given the tax changes that went into effect on January 1. PaycheckCity® continues to be updated throughout the year in order to reflect the most recent changes from states and localities.
The calculators are very easy to use. To see what individual’s take-home pay is, visit PaycheckCity® and navigate to the standard paycheck calculator. Enter the required information, including check date, state for withholding, gross pay, pay frequency, federal filing status, and number of federal allowances. Complete any additional state and/or local withholding information, and enter any voluntary deductions or other additional withholding the individual is subject to. Adding as much information as possible will yield better results. When the results are displayed, PaycheckCity® offers the option to print results for easy record keeping.
PaycheckCity®’s calculators are useful year-round, although the beginning of the year is very popular for individuals to check their first paychecks of the New Year. Throughout the remainder of the year, PaycheckCity® can be used to model “what-if” scenarios to determine how major life events, for example having a baby or getting married, will affect take-home pay.
These free resources should not be taken as tax or legal advice. Content provided is intended as general information. Tax regulations and laws change and the impact of laws can vary. Consult a tax advisor, CPA or lawyer for guidance on your specific situation.