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Online mystery-ak

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Treasury and IRS release new guidance on tax withholdings
« on: January 11, 2018, 08:10:04 pm »
Treasury and IRS release new guidance on tax withholdings
By Naomi Jagoda - 01/11/18 02:48 PM EST

The IRS and Treasury Department on Thursday issued new guidance on tax withholdings from employees' paychecks, a key step in its implementation of the new tax law that President Trump signed last month.

The new guidance will allow many taxpayers to start seeing bigger paychecks due to the new law. The IRS is encouraging employers to implement the new withholding tables by Feb. 15.

"We estimate that 90 percent of wage earners will experience an increase in their take-home pay," Treasury Secretary Steven Mnuchin said in a news release.

more
http://thehill.com/policy/finance/368542-treasury-and-irs-release-new-guidance-on-tax-withholdings
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Offline Night Hides Not

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Re: Treasury and IRS release new guidance on tax withholdings
« Reply #1 on: January 11, 2018, 09:25:59 pm »
Quote from: mystery-ak on January 11, 2018, 08:10:04 pm
Treasury and IRS release new guidance on tax withholdings
By Naomi Jagoda - 01/11/18 02:48 PM EST

The IRS and Treasury Department on Thursday issued new guidance on tax withholdings from employees' paychecks, a key step in its implementation of the new tax law that President Trump signed last month.

The new guidance will allow many taxpayers to start seeing bigger paychecks due to the new law. The IRS is encouraging employers to implement the new withholding tables by Feb. 15.

"We estimate that 90 percent of wage earners will experience an increase in their take-home pay," Treasury Secretary Steven Mnuchin said in a news release.

more
http://thehill.com/policy/finance/368542-treasury-and-irs-release-new-guidance-on-tax-withholdings

We’ve seen this movie before. Millions will be shocked in 2019 when they discover they didn’t have enough taxes withheld in 2018.
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Offline Emjay

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Re: Treasury and IRS release new guidance on tax withholdings
« Reply #2 on: January 11, 2018, 09:38:33 pm »
Quote from: Night Hides Not on January 11, 2018, 09:25:59 pm
We’ve seen this movie before. Millions will be shocked in 2019 when they discover they didn’t have enough taxes withheld in 2018.

Those will be the dumb millions.
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Offline truth_seeker

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Re: Treasury and IRS release new guidance on tax withholdings
« Reply #3 on: January 11, 2018, 09:45:44 pm »
Quote from: Night Hides Not on January 11, 2018, 09:25:59 pm
We’ve seen this movie before. Millions will be shocked in 2019 when they discover they didn’t have enough taxes withheld in 2018.
Not so.  Withholding is calculated to prevent shocks UNLESS the taxpayer cheats.
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Offline Sanguine

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Re: Treasury and IRS release new guidance on tax withholdings
« Reply #4 on: January 11, 2018, 09:47:44 pm »
Quote from: Emjay on January 11, 2018, 09:38:33 pm
Those will be the dumb millions.

The dumb masses?
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