State Tax Commission Unveils New State W-4 Form

 

Boise (670 KBOI News) – Despite all the warnings over the last year, many Idahoans are in for a surprise when they fill out their 2018 tax returns.

Renee Eymann with the Idaho State Tax Commission says, thanks to federal and state tax reforms, if you didn’t adjust your withholdings, you may have a bigger tax bill than you expected.

“The personal exemptions, and the dependent exemptions have been eliminated, they’ve increased the standard deduction, they’ve capped and eliminated itemized deductions, but they’ve also lowered the income tax rates,” Eymann explained.  “They’ve made things so different that you have to have a new way to calculate your withholding.”

Eymann says they and the IRS are trying to make sure that doesn’t happen again next year.  Both agencies are going to new, online W-4s that help you estimate your tax liability.

You can print off copies, fill them out, then give them to your company’s H-R department…to find those forms, click here.

There is no custom code to display.

Blogs

Worthington BLOG: Better days ahead for Boise State Men’s Basketball

Worthington BLOG: Better days ahead for Boise State Men’s Basketball

  Better days ahead for Boise State Men’s Basketball Blog by Rick Worthington I hope at the end of the season we don’t hear Boise State hoops fans calling for Leon Rice’s job. We will all agree this season has been far short of the standard set by Rice and his staff over the last…

Remember the year 2000, when measels was almost gone?

Remember the year 2000, when measels was almost gone?

We’ve been talking about the Medical Emergency declared in Western Washington due to an outbreak of the measles this week on KBOI. At last check, there were 38 confirmed cases and 12 other children who are suspected to have the disease. The outbreak has now spread to 3 other states also…Hawaii, Georgia and Oregon. It’s…

Another award, spring training…ya know…your usual retirement

Another award, spring training…ya know…your usual retirement

I have been retired for more than a month now, and people constantly ask me how it feels. It feels great, but I keep finding subjects that I would love to talk about on the air. Subjects that get my blood moving still pop up from time to time. Outside of a quick trip to…

On Monday morning January 14th, for the first time in 51 years, someone other than Paul J woke up the listeners of 670 KBOI. That someone was me, as a new era began with Kasper and Chris in the morning on KBOI. To say, I was a little nervous would be putting it mildly. I…