One More Reason to Abandon the Slow Lane (as if it was needed)

[Deleted50669]

The wrath of Uncle Sam.

Another tax headache ahead: IRS is changing paycheck withholdings and it'll be a doozy

 

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[Valhalla]

The wrath of Uncle Sam.

Another tax headache ahead: IRS is changing paycheck withholdings and it'll be a doozy

Another kick in the teeth. I'm already dealing with 4 tax authorities, they're all wretched but so glad the IRS isn't one of them.

 

[lowtek]

The wrath of Uncle Sam.

Another tax headache ahead: IRS is changing paycheck withholdings and it'll be a doozy

can you summarize the article? They take umbrage with my ad blocker and I'm not risking it for those clowns.

 

[Deleted50669]

can you summarize the article? They take umbrage with my ad blocker and I'm not risking it for those clowns.

from article:

What’s changing?
While the new form hasn’t been released yet, the IRS last summer put out a draft version and instructions seeking feedback from tax preparation companies and payroll firms. Instead of claiming a certain amount of allowances based on exemptions – which have been eliminated – the draft form asked workers to input the annual dollar amounts for:

• Nonwage income, such as interest and dividends
• Itemized and other deductions
• Income tax credits expected for the tax year
• For employees with multiple jobs, total annual taxable wages for all lower paying jobs in the household

“It looked a lot more like the 1040 than a W-4,” Isberg says.

 

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