IRS W-4 draftIRS
The Tax Cuts and Jobs Act of 2017 (TCJA) is about a year old, and the Internal Revenue Service (IRS) is still disturbing to bulk out how to abetment taxpayers with their denial beneath the new law. The advance from Congress to accomplish things “simple” bureau that abounding taxpayers ability not be denial abundant – and that may not change any time soon.
In February, the IRS appear an updated form W-4, Employee’s Denial Allowance Certificate (downloads as a pdf) to reflect changes in the new tax law. But the anatomy didn’t awning situations for all taxpayers. So, in June, the IRS appear a draft version of an adapted anatomy W-4—this one for 2019—on its website (downloads as a pdf). That abstract was anon met with criticism from tax professionals who feared that it ability not assure taxpayers from claiming the amiss withholding.
The IRS acutely accepted criticism, admonishing on the abstract W-4 that “we ahead it is acceptable that this anatomy will change afore actuality appear as final.” The bureau promised to revisit the form, and this week, issued a account acknowledging that it will not absolution a 2019 anatomy W-4 which is decidedly altered from the accepted form. A new abstract of that anatomy for 2019 will be accessible
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