W-4 Update

 

2018 W-4 ChangesIRS has released a bulletin stating that they have completed the 2018 withholding tables based on the new tax law and that all employers must start using them no later than February 15, 2018. However they have not completed the new W-4’s or the calculator that can be used in order to determine how much you should have withheld. So in the next month you should see your federal withholding decrease resulting in you having a higher paycheck.

 
So what does this mean for you at this time? You currently do not have to do anything. When you come into the office for your appointment we will look at your situation for next year’s
taxes. If we feel the need, we will recheck your withholdings halfway through the year to make sure that you are comfortable with the amount you will owe or the amount that you have as a
refund.

 
Susan

 

BrokerCheck

Newsletter Subscription

  • This field is for validation purposes and should be left unchanged.