The Year-End Tax Adjustment calculator lays out the details of the Year-End tax calculation and allows you to estimate your adjustment.
In December, employers calculate the annual tax owed by eligible employees considering up to 11 possible deductions and a possible tax credit. The actual tax withheld over the past 12 months is subtracted and the resulting difference is added or subtracted in December payroll. This is the Year-End tax Adjustment.
HTM's payroll service includes the bilingual Online YETA system which walks employees through the calculation and allows them to maximize their deductions.
These payroll calculators are not intended nor are they a substitute for professional advice. These payroll calculations are complex and qualified professional payroll advice should be obtained prior to taking any action.
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