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Reply to "Anyone's withholding go up?"
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[quote=Anonymous]Mine- there is one bracket that did increase. My withholding is greater now than it was last year, even with a notable raise. I was 33% before and under new tax code am 35%. BUT, i anticipate I will be ultimately paying less in taxes overall because I used to get slammed by AMT before but should now avoid it. To be clear, i used to owe several thousand at the end of the year due to AMT. Since AMT hits me in the fourth quarter between 4Q salary and my year end bonus, i dont withhold for the AMT amount- i just pay expected taxes the first week in January to cover the AMT amount. If I withheld extra year-round for AMT, then my withholding would have gone down.[/quote]
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