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W-4 "Calculator" on IRS website

Has anyone tried to use the IRS W-4 Calculator for 2018?? It's SO confusing!! What are your thoughts?

Comments

  • David WarrenDavid Warren ✭✭✭

    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.

    rrupert
  • BeckyMBeckyM admin

    Which have you used online that you like? This is the IRS one I'm referring to:
    https://www.irs.gov/individuals/irs-withholding-calculator
    for the new 2018 form.

  • rrupertrrupert ✭✭✭

    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

    zach
  • BeckyMBeckyM admin

    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!

    zachJJacobrrupert
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