I had a thread the other day that got locked that was about me being miffed on having to pay a penalty where I claimed zero allowances - [Married -0 ] on my and my wife's W4 for a couple years now.
Just for informational purposes I compared tax year 2018 to 2017 ( with a little help from another forum member (thank you GMW). I though there might be some interest to this data point as there has been wide speculation as to whether the "Average Joe" is seeing a real tax break.
Please try to refrain from political comments out so we can keep this thread going for a couple days
Drum roll please ....
Bottom line is :
I saw a 19 percent cut in actual taxes paid. This equates to a few thousand dollars in my (our) pocket vs. 2017.
If you want more specifics on my situation , I'll try to oblige.
Just for informational purposes I compared tax year 2018 to 2017 ( with a little help from another forum member (thank you GMW). I though there might be some interest to this data point as there has been wide speculation as to whether the "Average Joe" is seeing a real tax break.
Please try to refrain from political comments out so we can keep this thread going for a couple days
Drum roll please ....
Bottom line is :
I saw a 19 percent cut in actual taxes paid. This equates to a few thousand dollars in my (our) pocket vs. 2017.
If you want more specifics on my situation , I'll try to oblige.