Why this tax season could be worse for some taxpayers via YahooFinance
Taxpayers who were disappointed last year may get a nastier surprise this tax season if they failed to make paycheck adjustments again, according to one expert.
That meant some taxpayers received their tax savings in their paychecks – even if they didn’t notice – and, as a result, got a smaller-than-expected refund last year or owed the federal government. For many workers, the new withholdings only went into effect in February or March of 2018. So, if the withholdings were incorrect, it was only for nine to 10 months.
What you can doUnfortunately, you can’t do anything to change this year’s taxes. But you can avoid a similar outcome next year by adjusting your paycheck withholdings sooner rather than later. Be warned that this will be unfamiliar, because the IRS this year released a new Form W-4.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why ‘Only Child’ Comments Are The Most Hurtful Comments I Hear From Other ParentsPlease don’t say this within earshot of my daughter.
Read more »
Why Blake Lively Isn’t Trying to Be the ‘Female James Bond’ in ‘The Rhythm Section’“The Rhythm Section,” Reed Morano’s new espionage thriller about a female assassin who sets out to avenge her family’s untimely death, is not a female-led approximation of a “James Bond” film. Thou…
Read more »
Hillary Clinton Has a Theory on Why People Love Her Most When She’s LosingAhead of the Sundance premiere of her new Hulu docuseries, Hillary Clinton spoke with BilgeEbiri about concession speeches, Bernie Sanders, and the difficult process of trying to get conservatives to appear in the film
Read more »