The Internal Revenue Service (IRS) has updated the income-tax withholding tables for 2018 to reflect changes made by the new tax law. The updated tables reflect the new rates for employers to use during the 2018 tax year. Employers are instructed to use the 2018 withholding tables as soon as possible, but not later than February 15, 2018. Until employers make the switch, they're instructed to use the 2017 withholding tables. Watch the video to learn more. Links https://www.forbes.com/sites/kellyphillipserb/2018/01/11/irs-releases-new-2018-withholding-tables-to-reflect-tax-law-changes/#5ede22b23767 https://www.forbes.com/sites/kellyphillipserb/2018/01/11/irs-releases-new-2018-withholding-tables-to-reflect-tax-law-changes/#4c82da537671 https://www.heritage.org/taxes/commentary/how-tax-reform-will-put-more-money-your-wallet-year https://www.irs.gov/newsroom/updated-2018-withholding-tables-now-available-taxpayers-could-see-paycheck-changes-by-february
Here are some tips to make using the IRS Withholding Calculator as easy as possible. For more information, go to https://www.irs.gov/withholding
Welcome to 2018 Payroll in Excel - What's happening to my Paycheck edition! The video shows a Semi-Monthly Payer paycheck and withholding formulas. A Weekly Version coming soon. visit http://www.kenbraverman.com/payroll-in-excel-2018-whats-going-on-with-my-paycheck/
READ MORE: http://www.adamhagerman.com/how-to-use-irs-tax-withholding-calculator/ Do you receive a large tax refund each year? Are you afraid that you'll owe taxes this year? Use the IRS Tax Withholding Calculator to estimate your current year tax liability and compare it to your current withholding pattern. The calculator will provide you with recommendations on how to change your withholding to get these numbers close.
On February 28th, the IRS released the Withholding Calculator and new Form W-4. Employees are encouraged to go on the IRS website and use the calculator to find out if the new withholding rates are withholding enough for them. This “Paycheck Checkup” will help determine the correct number of withholding allowances for their personal circumstances. The IRS recommends that ALL employees do the Paycheck Checkup, but it is especially important for taxpayers who previously itemized, have 2 or more jobs, or have dependents.
Married filing jointly and figuring out how to split the allowances doesn't have to be hard. This simple app can help make your w-4 IRS filing much easier. IRS Form W-4 Calculator https://apps.irs.gov/app/withholdingcalculator/
Still need help? Watch the online version at the link below. https://www.youtube.com/watch?v=e-WREkzff18&t=11s How to fill out the W-4 updated for 2018. Here is the link to the online version for 2018 https://apps.irs.gov/app/withholdingcalculator/ Here is the link to the paper version of the IRS form W-4 https://www.irs.gov/pub/irs-pdf/fw4.pdf 💸 FOR MORE FINANCIAL PLANNING & ASSET MANAGEMENT 💸 About Travis Sickle: https://www.sicklehunter.com/travis-t... twitter: @travissickle Instagram: https://www.instagram.com/travistsickle/ Company Website: https://www.sicklehunter.com twitter: @sicklehunterfa facebook: https://www.facebook.com/SickleHunterFA/ Travis Sickle CERTIFIED FINANCIAL PLANNER™ Sickle Hunter Financial Advisors 620 E Twiggs Street Suite 304 Tampa, FL 33609
Withholding Taxes: How to Calculate Payroll Withholding Tax Using the Percentage Method There are multiple ways to calculate withholding taxes. One way is by using the Percentage Method. To begin using the Percentage Method, you must have the employees W-4 form. The employees W-4 form will outline how many allowances the employee is claiming. This information is always necessary when calculating withholding taxes. Your first step is to determine your payperiod, whether you are paying on a weekly, biweekly, or monthly basis. You will then multiply one withholding allowance for your payroll period by the number of allowances indicated on the employee's W-4 form. Next, you will subtract this amount from the employees wages. You will then go to Publication 15, pages 43-44 and use the Percentage Method Withholding Tables to determine the amount of withholding taxes for your employee. Please make sure that you are using the correct IRS table, the correct pay period section and the correct marital status column. All of these steps are outlined in the above video with two very detailed step by step examples.
This video is about how to use the IRS Form W4 calculator with the paper version. Using the calculator is simple but since there is no print out it can get confusing where to put your answers.
How to fill out the IRS form W-4 with two jobs. The online app walkthrough will help you figure out how to split your allowances. It's all done for you and takes about 5 minutes.