Since the passage of the Tax Cut and Jobs Act (December 2017), it has become more difficult to discern how to prepare payroll withholding to ensure there is no balance due when failing taxes. (You do know it’s not a great idea to over withhold, since the IRS does not provide interest on your money that they will return later. Sure you get it in one big pile, but you can probable do better investing the extra funds during the year.)
Continue reading Getting the Right Amount of Withholdings
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