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Thread: Updated 2018 Withholding Tables Now Available

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  1. #7
    Join Date
    Feb 2015
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    Indiana
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    I looked mostly at TP's that are currently in th 28% or lower bracket and have come up with the following:

    TP's that take standard deduction will have slightly lower refunds in 2018 due to new withholding tables.
    Those that itemize in 2017 but won't meet the higher threshold in 2018 will see a more significant reduction in refund.
    Most that claim child tax credit should see a higher refund in 2018, although some with 2017 itemized will see lower refund.

    TP's that are very close to break even on 2017 return and want to be assured of not having a balance due 2018 may want to look at changing exemptions on W4.
    Last edited by kathyc2; 01-13-2018 at 10:16 AM.

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