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2019 TAX NEWS/UPDATES

 1.     Tax Reform (Review new IRS Publication 5307)

Tax Reform Basics for Individuals and Families, to learn about how the new tax law may affect your tax return next year.

https://www.irs.gov/pub/irs-pdf/p5307.pdf

 2.    Refunds

IRS cannot issue refunds before mid-February for tax returns that claim the Earned Income Tax Credit or the Additional Child Tax Credit.

3. Paycheck Checkup

It's important to revisit your tax withholding after major changes from the Tax Cuts and Jobs Act. A Paycheck Checkup can help you see if you’re withholding the right amount of tax from your paychecks. Too little could mean an unexpected tax bill or penalty.

https://www.irs.gov/individuals/irs-withholding-calculator

4.     Small Businesses

IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes.

https://www.irs.gov/newsroom/irs-to-highlight-tax-reform-changes-affecting-small-businesses-small-business-owners-self-employed-should-plan-now-for-new-changes

Where’s My Refund?

https://www.irs.gov/refunds