New IRS Withholding Calculator & Form W4

Diane Cloeren

March 1, 2018

The IRS has released an updated withholding calculator in conjunction with a new version of Form W4. The IRS had previously updated withholding tables that reflect the changes made by the Tax Cuts and Jobs Act; however many taxpayers are affected by the new law in ways that cannot be accounted for in the new withholding tables. The IRS has specifically encouraged taxpayers with “more complicated financial situations” to check their withholding, including:

. . . 2-income families.
. . . People with two or more jobs at the same time or who only work for part of the year.
. . . People with children who claim credits such as the Child Tax Credit.
. . . People who itemized deductions in 2017.
. . . People with high incomes and more complex tax returns.

Visit https://www.irs.gov/individuals/irs-withholding-calculator to do a quick "checkup" 

 

   

Back to List

Client Center

Liscio

Join a scheduled video meeting with our staff.

Liscio Start Kits
How to Review My 1040

Go Mobile!

...and get what you need, when and where you need it!

A Next Generation Accounting Firm™

As a Next Generation Accounting Firm, we are committed to being on the leading edge of industry best practices. We have seamlessly integrated technology into our accounting services—supporting a highly efficient end-to-end digital process and eliminating the need for paper. Our advanced, web-based platform provides personal, secure portals where we deliver documents electronically and share information with you in real-time. Regardless of the day, hour or location, you have convenient, confidential access to your financial data with a few clicks of a mouse.

Memberships

 

Phone 610.250.0862 • Fax 484.626.8990
Email: info@vta.com