Has anyone tried to use the IRS W-4 Calculator for 2018?? It's SO confusing!! What are your thoughts?
My thoughts are it is not payroll's issue. And payroll never, ever, ever wants to be in a position to accused of having giving withholding advice to employees. This could in theory include showing employees how to use a payroll calculator.
Just a thought, but do the non-IRS calculators work any better? I have never used the IRS calculator before because there are too many good ones on line.
Which have you used online that you like? This is the IRS one I'm referring to:
for the new 2018 form.
It's not the most user friendly but it looks a lot like what I personally setup for myself and our family in Excel years ago. It is trying to do the heavy lifting of current year-to-date totals vs future earnings/taxes through the end of the year. But requires lots of inputs to do so.... Honestly I'd just as like setup another excel spreadsheet
I think the new W4 is asking you to fill out what your spouse's income is --- that seems like it shouldn't be information your employer has access to!