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Reply to "Is the new IRS calculator for tax year 2018 (filing in 2019) correct? Why did my taxes go up?"
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[quote=Anonymous]I'm an OP of another thread about how tax software is not able to produce accurate estimated taxes for 2018. From what I'm reading, the IRS is still confused caused by the rush to pass the laws. http://money.cnn.com/2018/01/15/pf/taxes/paycheck-tax-reform-withholdings/index.html [quote]" Figuring out how much to withhold from your pay is always a bit of a guessing game. It's an estimate based on how you filled out your Form W-4 and calculation tables created by the IRS. But in a rush to implement the new law this year, the estimate could be off more than usual. That's because the IRS has updated the calculation tables, but not the Form W-4. "We've done the best we can in the short term to come up with tables that accurately reflect the tax liability of individual taxpayers. Going forward, in order to be more precise, we're going to need a new system," said a senior IRS official on a call with reporters last week. "[/quote][/quote]
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