63°F
weather icon Windy

IRS updates withholding calculator

The Internal Revenue Service is releasing an updated Withholding Calculator on IRS.gov and a new version of Form W-4 to help taxpayers check their 2018 tax withholding following passage of the Tax Cuts and Jobs Act in December.

The IRS urges taxpayers to use these tools to make sure they have the right amount of tax taken out of their paychecks.

“Following the major changes in the tax law, the IRS encourages employees to check their paychecks to help ensure they’re having the right amount of tax withheld for their personal situation,” Acting IRS Commissioner David Kautter said in a Feb. 28 statement.

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 changing the tax rates and brackets.

If changes to withholding should be made, the Withholding Calculator gives employees the information they need to fill out a new Form W-4, Employee’s Withholding Allowance Certificate.

Employees will submit the completed W-4 to their employer.

Don't miss the big stories. Like us on Facebook.
THE LATEST
A heartwarming Winter Bed Build

The Nye County Chapter of Sleep in Heavenly Peace hosted its very first Winter Community Bed Build last month and group members were not disappointed by the results.

GridLiance proposes transmission line upgrades

GridLiance is planning some major upgrades for its local transmission system and while these could certainly help support solar expansion, company officials stressed that the two proposed projects are in no way dependent upon such development.

NCSO: Two-vehicle collision claims life of Pahrump child

A Pahrump family is mourning the death of a child killed in a two-vehicle collision early Friday evening, Feb. 23. The crash occurred at the intersection of Highway 160 and Homestead Road just after 8 p.m.

Valley aquifer could reach “critical management” levels by 2055

After many months of painstaking research and calculations, a date has been placed on when the Pahrump Valley’s sole-source aquifer could reach critical management, with officials pegging the timeline at somewhere between the year 2055 and 2060. However, it was emphasized that this is an estimation and with so many variables at play, there is a possibility it could change.

How an injured and abandoned dog in Pahrump overcame the odds

A stray dog that was homeless, hospitalized and facing euthanasia earlier this month is now on the mend thanks to several in the community who helped raise thousands for its life-saving care.

Kellogg Park set for $70k expansion — here are the plans

The town of Pahrump is poised to purchase a parcel adjoining the lands dedicated to Kellogg Park, with a $70,000 offer for the 4.39 acre lot at 3781 E. Santovito St.

Guns, drugs, cash recovered in search could be part of crime ring, sheriff says

Officials from the U.S. Homeland Security Investigations Unit are assisting the Nye County Sheriff’s Office in the arrest and investigation of a man allegedly found possessing a hoard of guns, drugs and cash, according to Sheriff Joe McGill.

No same-day registration for Nye’s next live tax sale

Nye County is coming up on its next delinquent property tax sale and there is going to be a big change to the process — for the first time, there will be no same-day registration available.