Does the new tax code affect my withholding because I have dependents?
- David Greene
- Comments Off on Does the new tax code affect my withholding because I have dependents?
Because the law expanded and made significant changes to the Child Tax Credit, it also suspended the deduction for personal exemptions. The IRS has recommended that parents and caregivers should do a “paycheck checkup” to determine how these changes could…
Can the IRS make an employee adjust his withholding amount on his paycheck?
- David Greene
- Comments Off on Can the IRS make an employee adjust his withholding amount on his paycheck?
Yes, they can but sometimes you should voluntarily make that adjustment yourself. It is a common issue among our clients that they do not have enough taxes withheld from their paycheck. When you work as an employee, you fill out…