As Tax Day fades away, Oregonians are being nudged by state officials to perform a financial health check on their paychecks, ensuring their money is managed wisely throughout the year. The Oregon Department of Revenue suggests using its Withholding Calculator, a tool designed to aid taxpayers in adjusting the amount of taxes taken out of their paychecks, This approach could potentially prevent future fiscal headaches and increase monthly budget flexibility.
For those who might have felt that the money stashed away by the state in the form of a large refund could serve them better if it were available throughout the year, or for those caught off-guard by an unexpected tax payment, the Withholding Calculator stands as a solid preventive measure—while the IRS also extends its services to workers and retirees aiming to fine-tune federal withholdings, Megan Denison, administrator of the Oregon Department of Revenue's Personal Tax and Compliance Division told the department's news release, "Using the Withholding Calculator can help taxpayers have more of their hard earned money to pay their bills each month and it can help prevent the unwelcome surprise of a big state income tax bill next year."
To provide further assistance, a newly released Department of Revenue video spells out the needed steps to utilize the calculator effectively; this tool is particularly user-friendly, as it does not store personal information like names or detailed wage data, ensuring privacy for its users. The department underlines the advantage of such preemptive action—more disposable income in the hands of taxpayers when they need it most, directly empowering their month-to-month financial maneuverability.
Should taxpayers seek additional materials or wish to delve further into their tax concerns, whether to grab forms, check the status of their refunds, or to make payments, the Department of Revenue invites them to explore more resources through their website or by reaching out via e-mail at [email protected], additionally, assistance is just a call away at 800-356-4222 or 503-378-4988, with TTY options extending a line for those who are hearing or speech impaired—keeping every Oregonian connected to the help they might seek.
