moralesmarty.com live your best life #lybl
moralesmarty.com live your best life #lybl
There's much to see here. So, take your time, look around, and learn all there is to know about Payroll Taxes.
.
FAQ #1
· Why am I not being taxed for federal income tax on my paycheck?
· Starting in 2020 the new W-4 and new tax tables changed federal taxation
(see IRS Tax Tables https://www.irs.gov/pub/irs-pdf/p15t.pdf), meaning you are getting taxed less than in 2019.
Example 1, you claim SINGLE or MARRIED FILING SEPERATELY with nothing
else completed in Steps 2-4. You need to earn $500.00 to have $.19 federal tax withheld
Example 2, you claim MARRIED FILING JOINTLY with nothing else completed in Steps 2-4.
You need to earn $1000.00 to have $.38 federal tax withheld
· Employees may contact their tax advisor on how to complete their W-4 and subsequently complete a new W-4 at any time.
· Use the estimator at www.irs.gov/W4App for most accurate withholding for this step (Steps 3–4
Copyright © 2018 Martin Morales - All Rights Reserved.
Powered by GoDaddy