Leaderboard

Depends on the level of authentication protocol. $1.50 and $2.50, depending. Per person signing - so couples will be double.

The worst thing about the W-4 is yet to come next spring when taxpayers discover they have been underwithheld for 2018. We will be flooded with questions from clients who will expect us to solve their tax problems by asking us to fill out this new monstrosity W-4 for them. And then once we do that, the clients will blame us if the thing backfires. The new W-4 is a typical government solution which doesn't solve anything but adds layers of confusion. My solution to withholding is the same as it has been for the last several years. Figure out how much shortage has been incurred, leave marital status & exemptions alone, and simply add the shortage (divided by periodicity of payroll) to the line that says "Additional withholding per pay period." Some few of my clients have already tapped into the problem and have approached me. For the time being, I have asked them to restore their pre-reduction withholding by using the "additional" line.