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Reply to "S/o withholding after tax changes "
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[quote=Anonymous][quote=Anonymous]Thanks you guys. Bc of our large refund last year (or any year), we usually adjust withholdings as necessary early in the year. But yeah at the time our office wasn’t assisting with that. I guess the year has sort of slipped by. The call says if we leave as is we’ll have a 5000 refund, and if we change to the correct one (15), we’ll have a 3800 refund. So *youre saying I should put 20,* I feel comfortable with that but I’m just wanting to get someone else in here to teach me more. Is that the maximum/ in other words saying nothing will be withheld for the rest of 2018? (Btw, I will note on the calendar to adjust back to 15 or whatever is appropriate on Jan 1 2019)[/quote] What is your gross income this year? How much will your itemized deductions be? How many children qualify for the child tax credit?[/quote]
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