{"id":6375,"date":"2018-03-05T13:11:25","date_gmt":"2018-03-05T19:11:25","guid":{"rendered":"http:\/\/blogs.acu.edu\/hr\/?p=6375"},"modified":"2018-03-05T13:11:25","modified_gmt":"2018-03-05T19:11:25","slug":"benefits-tip-updated-irs-tax-withholding-calculator","status":"publish","type":"post","link":"https:\/\/blogs.acu.edu\/hr\/2018\/03\/05\/benefits-tip-updated-irs-tax-withholding-calculator\/","title":{"rendered":"Benefits Tip: Updated IRS Tax Withholding Calculator"},"content":{"rendered":"<p>The IRS has released an updated\u00a0<a href=\"https:\/\/www.irs.gov\/individuals\/irs-withholding-calculator\">tax withholding calculator<\/a>\u00a0on IRS.gov and issued a new\u00a0Form W-4 Employee&#8217;s Withholding Allowance Certificate, which\u00a0has the new calculation information included. Employees can use the online calculator to check their 2018 tax withholding following the\u200b <a href=\"https:\/\/www.congress.gov\/bill\/115th-congress\/house-bill\/1\/text\">passage of the TaxCuts and Jobs Act in December<\/a>.<\/p>\n<p>The IRS also posted new\u00a0<a href=\"https:\/\/www.irs.gov\/newsroom\/withholding-calculator-frequently-asked-questions\">Withholding Calculator Frequently Asked Questions<\/a>. The Tax Cuts and Jobs Act made changes to the tax law, including increasing the standard deduction, removing personal exemptions, increasing the child tax credit, limiting or discontinuing certain deductions, and\u00a0<a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/n1036.pdf\">changing the tax rates and income brackets<\/a>.<\/p>\n<p>\u200b\u00a0\u00a0If you determine that you would like to change your withholding allowance, you can do so by going to your myACU Banner link\u200b, then select Employee, Tax Forms, W-4 Employee&#8217;s Withholding\u00a0Allowance Certificate, and then choose the Update link along the bottom of the screen.<\/p>\n<p>\u200bPlease be advised that ACU Human Resources cannot provide any tax advice. I\u200bf you require additional assistance, please consult your tax professional.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IRS has released an updated\u00a0tax withholding calculator\u00a0on IRS.gov and issued a new\u00a0Form W-4 Employee&#8217;s Withholding Allowance Certificate, which\u00a0has the new calculation information included. Employees can use the online calculator to check their 2018 tax withholding following the\u200b passage of the TaxCuts and Jobs Act in December. The IRS also posted new\u00a0Withholding Calculator Frequently Asked [&hellip;]<\/p>\n","protected":false},"author":6988,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18,6377],"tags":[],"class_list":["post-6375","post","type-post","status-publish","format-standard","hentry","category-announcements","category-benefits"],"_links":{"self":[{"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/posts\/6375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/users\/6988"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/comments?post=6375"}],"version-history":[{"count":1,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/posts\/6375\/revisions"}],"predecessor-version":[{"id":6376,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/posts\/6375\/revisions\/6376"}],"wp:attachment":[{"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/media?parent=6375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/categories?post=6375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/tags?post=6375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}