A revised Form W-4 for 2019 is on the way and it’s just the latest tax withholding change for employees. Earlier this year, IRS officials updated their withholding tables and issued a new Form W-4 for 2018 after passage of the Tax Cuts and Jobs Act last December. The act reduced employees' income tax rates, adjusted tax brackets and eliminated personal exemptions.
With all the changes, 2019 is an important year for workers to review whether they’re having the right amount of taxes withheld from their paychecks, especially those who belong to a multiple-income family, claim the child tax credit, have dependents over age 17, itemize their deductions or have high incomes or complex tax situations.
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