In this video, we're going to be covering a wage projection worksheet together on screen. Then, I've put together a worksheet for you guys using Microsoft Excel that you can download for free. The worksheet is designed to help you project your wages for the year so that when you go online on the IRS website to fill out the w-4 calculator, you're going to have the most accurate information possible. This will allow you to calculate your potential tax as accurately as possible. Welcome back to Money and Live TV, guys. It is so good to see all of you once again. As you know, I am Mike the CPA, and this is my sidekick Chipper. How have you guys been? It's so good to see all of you. With 2018 came a lot of tax changes, especially with income tax brackets. As you guys know, if you've seen one of my previous videos, the average income tax bracket rate has fallen by 3 percent. So, what that means for you and I is if we make our earnings through wages, which roughly 90 percent of Americans do, we need to know as accurately as we can the amount of tax we need to withhold each paycheck. This is to avoid owing a ton of money at the end of the year. That's what this worksheet is designed to do. I created this worksheet initially for myself, for selfish reasons. Once I put it together, I thought, "I gotta share this with you guys because I know you guys will find this extremely helpful." So, with that being said, let's just dive right into it, okay? The way this is going to work is I'm going to go over this spreadsheet with you to show you how it works....
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Video instructions and help with filling out and completing Irs Form 13844 Worksheets
