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Don't let #45 fool you with the bait and switch
Also it's great that to know that America is going more in debt by 1.5 trillion for this insignificant increase
Yeah it’s a nice bump but when you realize it’s only the rich getting richer, it’s a little sad.
@ Deloitte 1 I look at the increase as a form of payment for my pain and Suffering for having him as The president.
I'm up about 120 as well...That's nice but I want right know the real impact and we won't see that until we file next year's taxes. Hopefully I don't owe again. Ugh...
You may want to annualize your withholdings. Make sure they cover your expected tax. Mine doesn't. Getting a few hundred in refund from last year. This year with new rates and annualized withholding, I'd be 1500 short. Less tax overall, but the amount withheld is messed up.
Will need to modify my w4.
Yup. Less taxes 👍🏾
^^^^ I hope I don't owe as well.
So what do we change on the W4? You could put two, but that means you aren't really withholding fed tax from what I've been told. Should everyone just put 0?
@Accountant 1 I have 1 on my W4, I increase my 401k Contribution amount last year to 15%. That should lower my taxable income amount.