IRS previews changes to withholding in proposed regs
Business Management Daily
APRIL 14, 2020
The Tax Cuts and Jobs Act may have suspended the personal exemption amount, and with that, withholding allowances, but to avoid confusion and nomenclature problems, a singular withholding allowance still exists, according to proposed regulations. federal, state and local taxes) and only to the extent they won’t be left with $0 net pay.
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