ATTENTION ALL TAX PAYERS: AARP Foundation Tax-Aide anticipates that up to 30% of taxpayers who are expecting a refund of federal income tax based upon past year’s returns will end up owing money for Tax Year 2018. In most cases this will be a result of lower withholding during the year, but in some cases they will be “losers” under the new law.

Tax-Aide wants to ensure that all AARP members and their families are aware of the situation and that we provide information from the Internal Revenue Service to answer your questions.  This IRS notice should help you to evaluate your current withholding situation and allow you to make any required adjustments now.  You may also find this withholding calculator useful during this process. Completing the steps in the notice will alert you to the reality of your own situation so are aware of changes when you have your taxes prepared in 2019.

Additional help is available:

IRS Help

What You Need to Know

  • IRS.gov is the official IRS website where you can find answers to your questions and resolve tax issues online.
  • The IRS.gov/TaxReform page highlights what taxpayers need to know about tax law changes and how they affect taxpayers and provides links to news releases, publications, notices, and legal guidance related to the Tax Cuts and Jobs Act legislation.

What You Need to Do

  • Use the Let Us Help You page where you can get help answering most tax questions, get a copy of your tax record and make a payment among other services.

 

IRS Notice: https://www.irs.gov/individuals/steps-to-take-now-to-get-a-jump-on-next-years-taxes

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

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