IRS changing withholding....

[kadee79]

And it ain't gonna be pretty either....

You finally finished your taxes and are learning – for better or worse – the ins and outs of the new law.





But wait, the law isn’t done with you. There’s another complication coming out later this year: The Internal Revenue Service is changing how you adjust your paycheck withholdings, and early indicators show it won’t be easy.



The agency plans to release a new W-4 form that better incorporates the changes ushered in by the new tax law so that the amount held back for taxes in each of your paychecks is more accurate.



The agency’s goal: A taxpayer shouldn’t owe or be owed come tax time.



But the changes won’t be simple, says Pete Isberg, head of government affairs at ADP, the payroll and human resources company.



Filling out the new form will be a lot like doing your taxes again.



“It’ll be a much bigger pain,” he says. “The accuracy will be 100 percent, but the ease-of-use will be zero.”

www.msn.com/en-us/money/taxes/the-irs-is-changing-paycheck-withholding-and-itll-be-a-doozy/ar-BBVL5zL?li=BBnb7Kz

[djAdvocate]

this was my worst tax year EVER.

Trump is fucking the middle class.

hard.

[jkapp]

This was a great tax year for me.  I and many of my fellow middle class citizens who also had a great tax year say, "Thank you Trump!!"

[bean29]

My Mom called me last weekend all upset b/c she said she owed $500 in taxes. She did some more work and called me on Monday and said she now figures she owes over $1,000.

Mom's only income is SS and a Pension. She brings in about $40,000 to my understanding.

I got sidetracked into appealing my assessment. I have Friday and Monday off to try to deal with my Taxes/my kids taxes/my in-laws taxes -- and now apparently I have to make time to look at my Mom's too.

GRR.

I think we did ok, I am concerned about MIL's. Son's is kind of done, but then I read that there is a tax credit for Student Loan Interest, so I have to look at that.

DD's I have not done yet. I have to review with her & see if I have all her W-2's and her Tuition statement for the Higher Ed tax credit.

[Value Buy]

Apr 9, 2019 23:18:25 GMT -5 djAdvocate said:

this was my worst tax year EVER.

Trump is fucking the middle class.

hard.

I consider myself part of the middle class.
Taxes worked out fine for me.

[djAdvocate]

Apr 10, 2019 10:38:41 GMT -5 Value Buy said:

Apr 9, 2019 23:18:25 GMT -5 djAdvocate said:

this was my worst tax year EVER.

Trump is fucking the middle class.

hard.

I consider myself part of the middle class.
Taxes worked out fine for me.

do you live in a place that pays no state taxes?

what percentage of your income goes to mortgage interest?

[OldCoyote]

Made more money, I did with hold more,,

For the first time in thirty years I have a refund coming,, Trump's tax worked for me!

$2900, coming back.

Woooo Hooooo Trump is Making America Great Again!

[teen persuasion]

The agency’s goal: A taxpayer shouldn’t owe or be owed come tax time.

Then the agency needs to implement negative withholding for those of us eligible for refundable credits.

[djAdvocate]

Apr 10, 2019 20:39:30 GMT -5 OldCoyote said:

Made more money, I did with hold more,,

For the first time in thirty years I have a refund coming,, Trump's tax worked for me!

$2900, coming back.

Woooo Hooooo Trump is Making America Great Again!

that wouldn't even be a "tip" on the amount I owe.

[jkapp]

Apr 11, 2019 1:17:26 GMT -5 djAdvocate said:

Apr 10, 2019 20:39:30 GMT -5 OldCoyote said:

Made more money, I did with hold more,,

For the first time in thirty years I have a refund coming,, Trump's tax worked for me!

$2900, coming back.

Woooo Hooooo Trump is Making America Great Again!

that wouldn't even be a "tip" on the amount I owe.

Well, stop being so rich, man!

Are you saying the social contract is getting a bit out of your price range?

[djAdvocate]

Apr 11, 2019 8:44:20 GMT -5 jkapp said:

Apr 11, 2019 1:17:26 GMT -5 djAdvocate said:

that wouldn't even be a "tip" on the amount I owe.

Well, stop being so rich, man!

Are you saying the social contract is getting a bit out of your price range?

nope. I am saying that Trump promised me lower taxes, and he has failed to deliver on that promise.

[OldCoyote]

Apr 11, 2019 1:17:26 GMT -5 djAdvocate said:

Apr 10, 2019 20:39:30 GMT -5 OldCoyote said:

Made more money, I did with hold more,,

For the first time in thirty years I have a refund coming,, Trump's tax worked for me!

$2900, coming back.

Woooo Hooooo Trump is Making America Great Again!

that wouldn't even be a "tip" on the amount I owe.

It helps if you with held.

I said this in jest

[Value Buy]

Apr 10, 2019 17:46:42 GMT -5 djAdvocate said:

Apr 10, 2019 10:38:41 GMT -5 Value Buy said:

I consider myself part of the middle class.
Taxes worked out fine for me.

do you live in a place that pays no state taxes?

what percentage of your income goes to mortgage interest?

Still have legal residence in Indiana, so paying state income taxes.
I thought this was a discussion on federal taxes and with holding.
Anyway, my effective tax rate was just fine, imo. Wife and I were concerned our tax burden would climb, but Trump told America people like us would be ok, and we were.
We were clipped on the property tax payments, but only by $750, so not the end of the world.....
Of course, we do not have three or more businesses to deal with like you, and taxes are not too hard to do for us.....

[djAdvocate]

Apr 11, 2019 9:05:01 GMT -5 OldCoyote said:

Apr 11, 2019 1:17:26 GMT -5 djAdvocate said:

that wouldn't even be a "tip" on the amount I owe.

It helps if you with held.

I said this in jest

loan the IRS money? you would HAVE to be joking.