The IRS plans to soon release a draft of its new Form W-4, which you will be able to use to adjust your tax withholding for 2020.
If you were unhappy with your 2018 tax return results, now is the time to plan for the remainder of 2019.Fine-tuning your tax withholding is about to get a little more complicated., the form employees use to adjust the amount of income tax withheld from their pay, by the end of May., will be open for comments from the public. It will more closely reflect the changes from the Tax Cuts and Jobs Act.
So what happened to filing on a post card 🤬🤬🤬
Ours was botched because IRS did not update forms to reflect new tax law, when implementers finally figured it out. Plus, tax software was not upgraded in a timely fashion. And, IRS already had our payment, but issued a notice anyway. Dumb!!
When hasn’t it been complicated?
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