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Anyone adjusting 2018 withholding?
Old 02-13-2018, 09:03 AM   #1
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Anyone adjusting 2018 withholding?

Did a search for topic but turned up nada

In light of 2018 tax changes, are you adjusting any withholding on any of your income sources now? Since my income is fixed, I should probably run a tax scenario based on the new regs, but haven't yet.

Have you made any adjustment?
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Old 02-13-2018, 09:05 AM   #2
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IRS says you do not have to file a new W-4. But I recalculate every year and peg my withholding to my estimate.
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Old 02-13-2018, 09:20 AM   #3
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When I saw the increase in my take home, I reduced my exemptions by 1 on both Fed and State. I usually owe $1k or so each year when taxes done, so trying to get closer to break even.
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Old 02-13-2018, 09:29 AM   #4
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Originally Posted by Montecfo View Post
.... I recalculate every year and peg my withholding to my estimate.
This is what I do, shooting for a small or zero refund. I made adjustments but not just becasue of the tax law. Started SS and stopped IRA withdrawals.
All that glitters is not gold. -G. Chaucer, W. Shakespeare
All that is gold does not glitter. -J.R.R. Tolkien
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