Tax Reform 101 The Tax Cuts and Jobs Act of 2017 officially starts affecting tax returns Jan 1, 2018, so your taxes next January will look a bit (or a lot) different. Let’s walk through some of the most significant
Tag: w4
Updated 2018 IRS Withholding Calculator for W-4
The Internal Revenue Service (IRS) has finally released an updated Withholding Calculator which reflects changes under the new tax law. You can find the new withholding calculator on the IRS website. “The tool will help taxpayers determine whether they should update
The IRS has Released the 2018 Income Tax Withholding Tables
The IRS has updated the income-tax withholding tables for 2018 to reflect changes made by the new tax law such as the increase of the standard deduction, repeal of personal exemptions and changes in tax rates and brackets.
Adjusting Your Income Tax Withholdings to Receive More Money During the Year
Change Withholding Check your year-to-date withholding and consider changing the taxes withheld if you are expecting a large refund. This is especially important if you are claiming the earned income tax credit, or EITC, or the additional child tax credit. Why?