b'ITEMS TO SHARE WITH YOUR EMPLOYEESsaw more in their paychecks.are not eligible for the waiver and the penalty will However, the withholding tables couldnt fullybe calculated as it normally would be, using the 90 factor in other changes, such as the suspensionpercent threshold. For further details, see Notice of dependency exemptions and reduced itemized2019-11, posted today on IRS.gov.deductions. As a result, some taxpayers couldLike last year, the IRS urges everyone to check the IRS urges everyone to check their withholding for 2019. This is especially important for anyone now their withholding for 2019 facing an unexpected tax bill when they file. This is also an important step for those who made withholding have paid too little tax during the year, if they didadjustments in 2018 or had a major life change not submit a properly-revised W-4 withholding formto ensure the right tax is still being withheld. to their employer or increase their estimated taxThose most at risk of having too little tax payments. The IRS and partner groups conductedwithheld from their pay include taxpayers who an extensive outreach and education campaignitemized in the past but now take the increased throughout 2018 to encourage taxpayers to do astandard deduction, as well as two-wage-earner Paycheck Checkup to avoid a situation wherehouseholds, employees with nonwage sources of they had too much or too little tax withheld whenincome and those with complex tax situations.they file their tax returns.To help taxpayers get their withholding right in Although most 2018 tax filers are still expected to2019, an updated version of the agencys online get refunds, some taxpayers will unexpectedly oweWithholding Calculator is now available on IRS.additional tax when they file their returns. gov. With tax season starting Jan. 28, the IRS Additional Information reminds taxpayers its never too early to get ready Because the U.S. tax system is pay-as-you-go,for the tax-filing season ahead. While its a good taxpayers are required, by law, to pay most of theiridea any year, starting early in 2019 is particularly tax obligation during the year, rather than at theimportant as most tax filers adjust to the revised end of the year. This can be done by either havingtax rates, deductions and credits. tax withheld from paychecks or pension payments,Although the IRS wont begin processing 2018 or by making estimated tax payments. returns until Jan. 28, software companies and Usually, a penalty applies at tax filing if too little istax professionals will be accepting and preparing paid during the year. Normally, the penalty wouldreturns before that date. Free File is also now not apply for 2018 if tax payments during the yearavailable.met one of the following tests: The IRS also reminds taxpayers there are two The persons tax payments were at least 90useful resources for anyone interested in learning percent of the tax liability for 2018 ormore about tax reform. They are Publication 5307, Tax Reform: Basics for Individuals and Families, The persons tax payments were at least 100and Publication 5318, Tax Reform Whats New for percent of the prior years tax liability, in thisYour Business. For other tips and resources, visit case from 2017. However, the 100 percentIRS.gov/taxreform or check out the Get Ready threshold is increased to 110 percent if apage on IRS.gov .taxpayers adjusted gross income is more than $150,000, or $75,000 if married and filing aAnthony J. Palmer separate return.Stakeholder LiaisonFor waiver purposes only, todays relief lowers theInternal Revenue Service90 percent threshold to 85 percent. This means that a taxpayer will not owe a penalty if they paid at least 85 percent of their total 2018 tax liability. If the taxpayer paid less than 85 percent, then they www.mrca.orgMidwest Roofer 23'