I was struck last night that within this awesome tax cut bill, they didn’t make plans on how to update w-2 forms so payroll companies/small businesses don’t have a clue how to implement in 12 days.

@miklb The W-2’s in Jan 2018 report income & deductions earned in 2017. The tax law has NO impact on that, what was earned does not change. Any changes for 2018 for going forward only effect the W-4 form, which is an estimate and can be adjusted throughout the year. No problem!

@Ron got my forms messed up. Have been 1099 for too long. Thanks for clarification. Yes estimate, but if you are selling people their next check is going to show more but no one knows how to update withholding…

Got Something To Say?

Your email address will not be published. Required fields are marked *