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 590 P  Form 2018

2018-2025 Form

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Video instructions and help with filling out and completing 590 P Form

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Instructions and help about 590 P Form

today we're gonna talk about the W-4 the 2018 version and we're gonna focus on married filing jointly with kids and we're also gonna answer the question why are my allowance is so high my name is Travis sickles certified financial planner with sickle hunter financial advisors the w-4 helps us calculate the amount of allowances which in turn calculates the amount of taxes that should be withheld from each paycheck the higher your allowance the less money that's actually going to be withheld from each paycheck so if you're married filing jointly and you have kids your allowances are apt to be a lot higher than somebody who is single with no kids one of the biggest questions that we see when filling out the w-4 for 2018 is the fact that the allowances are higher and the reason those allowances are so high is because the Tax Cuts and Jobs Act has taken the child tax credit and doubled it so it went from one thousand dollars all the way up to two thou

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