๐€๐†๐€๐ˆ๐ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ž ๐–๐ˆ๐“๐‡๐‡๐Ž๐‹๐ƒ๐ˆ๐๐† ๐‚๐€๐‹๐‚๐”๐‹๐€๐“๐ˆ๐Ž๐ ? ! (๐Ÿ–/๐Ÿ–/๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—)

The IRS has replaced last yearโ€™s Withholding Calculator with a Tax Withholding Estimator.

Last yearโ€™s Withholding Calculator resulted in a reduction of refunds and the amount of refunds. And thatโ€™s never fully been explained. If taxes were reduced and people didnโ€™t adjust their withholdings, their taxes should have gone down and refunds gone up. Similarly, if people adjusted their withholdings how did refunds drop? BAD GRIS-GRIS?

ANYWAY, IRS Commissioner Chuck Rettig says: โ€œThe new estimator takes a new approach and makes it easier for taxpayers to review their withholding.โ€ Yes, โ€œeasyโ€ is a new approach.

For more information and a cross-reference to the new Withholding Estimator see https://www.irs.gov/newsroom/irs-launches-new-tax-withholding-estimator-redesigned-online-tool-makes-it-easier-to-do-a-paycheck-checkup

If you would like free tax tips, updates and articles, you can subscribe to my website at https://tjcarroll-law.com/subscribe/

๐“๐ก๐จ๐ฆ๐š๐ฌ ๐‰๐š๐ฆ๐ž๐ฌ ๐‚๐š๐ซ๐ซ๐จ๐ฅ๐ฅ, ๐.๐‚. ๐ข๐ฌ ๐š ๐ฅ๐š๐ฐ ๐Ÿ๐ข๐ซ๐ฆ ๐Ÿ๐จ๐œ๐ฎ๐ฌ๐ข๐ง๐  ๐จ๐ง ๐Ÿ๐ž๐๐ž๐ซ๐š๐ฅ ๐š๐ง๐ ๐ฌ๐ญ๐š๐ญ๐ž ๐ญ๐š๐ฑ๐ž๐ฌ ๐ญ๐ก๐š๐ญ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐ฌ ๐ข๐ง๐๐ข๐ฏ๐ข๐๐ฎ๐š๐ฅ๐ฌ ๐š๐ง๐ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ๐ž๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ญ๐š๐ฑ ๐ก๐ž๐ฅ๐ฉ ๐š๐ง๐ ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐Ÿ๐จ๐ซ ๐ญ๐จ๐๐š๐ฒ ๐š๐ง๐ ๐ญ๐จ๐ฆ๐จ๐ซ๐ซ๐จ๐ฐ.

๐Ž๐ฏ๐ž๐ซ ๐Ÿ‘๐ŸŽ ๐˜๐ž๐š๐ซ๐ฌ ๐จ๐Ÿ ๐„๐ฑ๐ฉ๐ž๐ซ๐ข๐ž๐ง๐œ๐ž ๐ข๐ง ๐ˆ๐‘๐’, ๐๐˜ & ๐๐‰ ๐“๐š๐ฑ ๐€๐ฎ๐๐ข๐ญ๐ฌ, ๐€๐ฉ๐ฉ๐ž๐š๐ฅ๐ฌ & ๐“๐š๐ฑ ๐๐ฅ๐š๐ง๐ง๐ข๐ง๐ .

๐–๐–๐–.๐“๐‰๐‚๐€๐‘๐‘๐Ž๐‹๐‹-๐‹๐€๐–.๐‚๐Ž๐Œ