ETax847 Posted April 28, 2020 Report Posted April 28, 2020 Does anyone have any tips for walking clients filling out a new W4 form? Is the IRS calculator the way to go, or is there a more efficient way? Quote
Lee B Posted April 29, 2020 Report Posted April 29, 2020 I would either use the IRS Caculator or do a 2020 tax projection Quote
Abby Normal Posted April 29, 2020 Report Posted April 29, 2020 But if they use the IRS calculator mid-way thru the year, it's very important that they do another calculation on 1/1 of the next year. Quote
WITAXLADY Posted April 29, 2020 Report Posted April 29, 2020 I tell them to figure the top part out as it says... and that is set to be -0- If they want a refund - they should then have x amount taken out per pay check $20/2x a month = $500 a year.. hoping they had some withheld from an earlier job.. or $40/2x a month x 8 months = $640 a year so they have a cushion if the W-4 calculator is wrong... etc if they want more.. D Quote
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