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CPA's specializing in small business tax and accounting with emphasis in construction and manufacturing for corporations and pass-through entities
Strive Tax & Accounting, LLC

(920) 227-2261
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The Effects of Tax Reform on Bob & Jane
2018 Tax Liability Decrease $2,805
If Bob and Jane each claim 0 on their W4, their 2018 tax REFUND will be $517 LESS than 2017.
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In 2017, their employers withheld federal taxes of $108 each week, totaling $11,232.
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In 2018, their employers will withhold federal taxes $86 each week, totaling $8,944.
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Bob and Jane will each take home an additional $22 per week.
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Their 2017 joint tax liability is $12,284.
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Because they withheld $11,232, they will receive a refund of $1,052.
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Their 2018 tax liability will be $9,479.
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Because they withheld $8,944, they will receive a refund of $535.
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If Bob and Jane each claim 1 on their W4, their 2018 tax REFUND will be $829 LESS than 2017.
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In 2017, their employers withheld federal taxes of $95 each week, totaling $9,880.
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In 2018, their employers will withhold federal taxes $76 each week, totaling $7,904.
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Bob and Jane will each take home an additional $19 per week.
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Their 2017 joint tax liability is $12,284.
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Because they withheld $9,880, they will receive a refund of $2,404.
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Their 2018 tax liability will be $9,479.
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Because they withheld $7,904, they will receive a refund of $1,575.
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