NEW TAX LAW-SIMPLIFIED??
NEW W-4 FORM
In order to be certain you are having the correct amount of withholding, you absolutely need to review your withholding information on your W-4 with your employer.
Concerned about how the new tax law will impact you? We think you should be. The current tax law change is the biggest change since 1986, over 30 years ago. It is complex and will affect literally all tax payers in the coming years. You may need to change your withholding, estimates, or even retirement planning. Please contact us to discuss your particulat situation.
While certanly it may be simplified for a few taxpayers, it is incredibly more complicated for others. We want our clients to remember that even if you no lnger get any benefit from itemizing your deductions on your Federal return, the State of California has not complied with the new law, so the vast majority of you will stiill be itemizing on your state return.
Go to the IRS website to learn more about breaknig tax news.