Thanks, Regina. I assume it's not realistic the change from one allowance to zero will suddenly get us to nothing owed on our 2020 return, much less a refund, so why has this change impacted us so greatly? Why do we now have to opt to have additional money withheld in order to avoid paying every year? Where is the logic in that?
I don't imagine we're supposed to get political on here, but is this the current administration's idea of a tax cut? People get an extra $40 per month but then have to pay it back in the spring, or opt to continue paying it upfront and then break even when you file? Am I misunderstanding something?
