OffThePost.org

(Generation III)
It is currently Thu Sep 24, 2020 7:34 am

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: New W-4s
PostPosted: Thu Feb 13, 2020 8:49 pm 
Offline
King of Men
User avatar

Joined: Mon Oct 20, 2008 3:26 pm
Posts: 6901
Location: Left Field
Heads up the IRS has rolled out a new 2020 W-4 and done away with the allowances part.

https://www.irs.gov/forms-pubs/about-form-w-4

https://www.irs.gov/newsroom/faqs-on-the-2020-form-w-4

There seems to be some sketchiness about this.....saying that the higher wage earner should complete the boxes but not the lower wage earner....

Quote:
Complete Steps 3–4(b) on Form W-4 for only ONE of these jobs. Leave those steps blank for the other jobs. (Your withholding will
be most accurate if you complete Steps 3–4(b) on the Form W-4 for the highest paying job


Not sure If I was the higher wage earner that I would want to be taxed all the way while the lower wage earner does not (I don't care if I am married filing jointly). I'll have to ask the tax guy in a few weeks.

Doesn't make a lot of sense if only one partner is filling out the new form.....and the other is in the old allowances system either.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: Bing [Bot] and 3 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group