Withholding Under Tax Reform: More Than Just a NumberSubmitted by Desmond Wealth Management, Inc. on December 22nd, 2018
by Louis Alleva
How will the Tax Cuts and Jobs Act (TCJA) affect a taxpayer’s withholding? Should any changes be made? Are there new circumstances that require an examination of the allowances claimed? You bet there are, but before explaining the impact of tax reform on withholding, let’s take a step back and look at the allowances themselves.