top of page
Search

Withholding Tax Changes

The IRS is updating the withholding tables to make corrections based on the 2018 filing issues experienced by many taxpayers. The tax tables put in place in February of 2018 did not properly account for all the changes associated with the new tax law, resulting in large swings of either the refund or balance due for 2018, compared to 2017. The updated tables will correct this. Your take home pay should increase (lower withholding) or decrease (more withheld). Please contact our office with any questions regarding the withholding change, we would be happy to assist you in updating the form W-4 if needed. Please note, the new withholding tables are expected to be implemented this month.  We will need a pay stub with the old withholding amounts and the new withholding amounts to compare.  Please contact the accountant who completed your tax return or Jennifer, if you do not recall who did your taxes. If you are 100% self-employed, please disregard this.

email:  jennifer@fxcassidy.com website:  www.fxcassidy.com/contact   phone:  610-667-0800 



18 views0 comments

Recent Posts

See All

Tax Deadline & Extensions

The deadline for filing your 2023 Income Taxes is April 15, 2024. If you need to file an Extension, please contact our office ASAP. sriso@shassociates-cpa.com

SafeSend Returns

Receive your tax returns securely and review with ease. Reduce ink, paper, postage, and make the process greener. For individuals, save time, and e-sign your e-file forms, receive estimated tax remind

Estimated Tax Penalties

The United States has a “pay as you go” tax system in which payments for income tax (and, where applicable, Social Security and Medicare taxes) must be made to the IRS throughout the year as income is

Comments


bottom of page