The American Payroll Association (APA) released a new smartphone application to help workers potentially add hundreds of dollars to their paycheck by assisting with Form W-4. The free application, the Paycheck Maximizer, is being launched in conjunction with National Payroll Week, celebrated September 5-9 this year.
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Get Your Report Now!Last year the average tax refund was over $3,000, an overpayment of more than $250 a month in taxes, according to the APA. The app will help workers properly fill out a Form W-4 to better match the taxes withheld from each paycheck with their actual tax liability.
The free app is available for iPhone and Android smartphones; to download it, visit www.mypaycheck.org.
"We wanted this app to help Americans where they need it most -- their paycheck," said Dan Maddux, executive director of the APA. "A quick adjustment to an employee's Form W-4 can reduce how much tax is taken from his or her pay, giving a boost on the next paycheck and beyond."
The Paycheck Maximizer app was launched in conjunction with APA's annual public awareness campaign, National Payroll Week (NPW), held annually the week of Labor Day. The campaign seeks to educate Americans on free payroll-related benefits such as direct deposit, 401(k) plans and Flexible Spending Accounts. For more information on the campaign, visit www.nationalpayrollweek.com.
Source:
APA
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