928 W 1800 N Ste J
Clinton, UT 84015
Simple Accounting Inc
Call Us: 801-409-1309
Why You Should Review Your W-4 Before 2026
As we approach 2026, it’s crucial to make sure your IRS Form W-4 is filled out correctly. With changes to tax rules and adjustments to withholding tables, reviewing your W-4 now can help you avoid unexpected tax bills—or big refunds that could have stayed in your paycheck.
The Most Common Mistake: Married Couples With Two Incomes
If you’re married and both spouses work, you need to pay special attention to Step 2 of the W-4.
This is the box labeled: “Check if there are multiple jobs.”
Checking this box is important because:
- It tells the IRS you have more than one source of income in the household
- It increases withholding to match your actual combined tax liability
- It helps prevent under-withholding (which leads to owing in April)
Many couples skip this step—and end up surprised at tax time.
Why Updating Your W-4 Matters
A correct W-4 ensures:
- Your paycheck withholding matches your actual tax responsibility
- You avoid penalties for underpayment
- You prevent owing a large amount at tax filing
- You keep your take-home pay balanced and predictable
A small adjustment now can make a big difference later.
Need Help Reviewing Your W-4?
If you’re unsure how to complete the W-4 or want to double-check your withholding before the new year, I’m happy to help.
A quick review can give you confidence—and a smoother tax season ahead.
Nationwide Tax Preparation services
- Answers to all your Questions
- Tax Planning and Preparation
- Tax Problem Resolution
- Small Business Accounting and Improvement
- Bookkeeping
- Quickbooks Clean up
- Quickbooks Training in house or on-site
- Payroll with Direct Deposit and Quarterly
Reports
- Sales Tax Preparation and filing
- Estate Planning and Administration
- CFO Services
Payment Required Before Filing Taxes
To ensure timely filing, payment must be received before we submit your tax return. Thank you for your understanding.
simple and painless accounting and Tax solutions
Job Opportunities
Let us do what we do best so that you can put the stress of owning your own business and the financial paperwork out of your mind.
2025 Tax Law FAQ: How the New Rules Affect You
The 2025 tax law updates income tax brackets, deductions, and credits, and introduces new incentives like the Tips Credit for tipped employees and the Overtime Credit for qualifying workers. These changes can affect your tax liability and refunds. Staying informed ensures you take full advantage of available benefits.
Adjustments to tax brackets, standard deductions, and new credits like the Tips and Overtime Credits may change your overall tax liability. Depending on your income and eligibility, you could pay less tax or receive a larger refund. Reviewing your income and deductions under the new law helps you plan ahead.
The Tips Credit is designed to give tax relief to employees who earn tips in addition to wages, such as restaurant and service staff. Eligible taxpayers can claim a credit based on reported tips, reducing overall tax owed. Proper reporting and documentation are key to claiming this credit.
The Overtime Credit helps workers who earn overtime pay by allowing eligible taxpayers to claim a credit that offsets some of the extra taxes on overtime wages. This credit reduces tax liability and can increase your refund.
Self-employed taxpayers should review allowable business deductions and credits, including eligibility for the Tips and Overtime Credits if they report tip income or overtime earnings. Proper planning can lower taxable income and prevent underpayment penalties.
Yes, contribution limits for IRAs, 401(k)s, and other retirement accounts have been updated for 2025. Adjusting contributions according to the new limits maximizes tax-deferred savings while reducing taxable income.
New credits like the Tips and Overtime Credits, along with bracket and deduction adjustments, may increase or decrease your refund depending on your income. Early planning helps you anticipate payments and ensures you don’t miss available credits.
Most taxpayers will file as usual, but you’ll need to include updated deductions, credits, and documentation for the Tips and Overtime Credits. A tax professional can ensure your return is accurate and maximizes available benefits.
Yes. Reviewing your finances now allows you to adjust withholding, tip reporting, overtime earnings, and estimated tax payments. Strategic planning can minimize liability and maximize the new credits under the 2025 law.
A tax professional can assess your eligibility for the new Tips and Overtime Credits, review your deductions, and create a strategy to reduce taxes. Expert guidance ensures compliance with IRS rules while maximizing your savings.
Ready to maximize your 2025 tax savings?
Contact us today to schedule a consultation with our tax experts. We’ll help you take full advantage of the new tax law, including the Tips and Overtime Credits, and ensure your return is accurate and optimized for savings.
Schedule Your Consultation