Tax Reform News

Get the latest news about the Tax Cuts and Jobs Act.  Here you’ll find tax reform news releases, fact sheets, statements and much more.

News Releases

IRS automatically waives estimated tax penalty for eligible 2018 tax filers

IR-2019-144, August 14, 2019 — The Internal Revenue Service is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver.

IRS launches new Tax Withholding Estimator; Redesigned online tool makes it easier to do a paycheck checkup

IR-2019-139, August 6, 2019  — The Internal Revenue Service today launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year.

IRS, Treasury issue guidance on making or revoking the bonus depreciation elections

IR-2019-135, July 31, 2019 — The Internal Revenue Service today issued a Revenue Procedure allowing a taxpayer to make a late election, or to revoke an election, under section 168(k) for certain property acquired by the taxpayer after September 27, 2017, and placed in service by the taxpayer during its taxable year that includes September 28, 2017.

Qualified Business Income sessions highlight 2019 Nationwide Tax Forum; 199A popular topic for tax pros attending

IR-2019-130, July 22, 2019 – The Internal Revenue Service reminded tax professionals that this year’s Nationwide Tax Forums offer several different sessions focusing on the new tax law’s provisions involving Qualified Business Income.

IRS provides additional details on transition tax on untaxed foreign earnings

IR-2019-128, July 16, 2019 — The Internal Revenue Service provided additional information to help taxpayers meet their filing and payment requirements for the Section 965 transition tax on untaxed foreign earnings.

IRS issues guidance on the tax on the net investment income of certain private colleges and universities

IR-2019-120, June 28, 2019 — The Internal Revenue Service today issued proposed regulations for the new 1.4 percent excise tax on the net investment income of certain private colleges and universities.

IRS, Treasury issue guidance under Tax Cuts and Jobs Act and the Consolidated Appropriations Act of 2018 for cooperatives and patrons of cooperatives

IR-2019-115, June 18, 2019 — The Treasury Department and Internal Revenue Service today issued legal guidance under the 2017 Tax Cuts and Jobs Act (TCJA) and the Consolidated Appropriations Act of 2018 providing information on certain deductions to cooperatives and their patrons.

IRS and Treasury issue guidance related to global intangible low-taxed income (GILTI)

IR-2019-114, June 14, 2019 — The Treasury Department and the Internal Revenue Service issued final and proposed regulations today concerning global intangible low-taxed income under section 951A, the foreign tax credit, the treatment of domestic partnerships for purposes of determining the subpart F income of a partner, and the treatment of income of a controlled foreign corporation subject to a high rate of foreign tax under section 951A.

IRS reminder: Taxpayers can help determine the right amount of tax to withhold from their paychecks by doing a Paycheck Checkup now

IR-2019-112, June 14, 2019 — The IRS encourages taxpayers to look at their tax withholding now to take charge of their tax situation and avoid a surprise at tax time next year.

IRS reminds taxpayers to adjust tax withholding to pay the right tax amount

IR-2019-111, June 13, 2019 — With this year’s average tax refund around $2,700, the Internal Revenue Service reminds taxpayers they have options to control the amount of their take-home pay and the size of their tax refund by adjusting their tax withholding.

IRS Withholding Calculator can help workers have right amount of tax withheld following tax law changes

IR-2019-110, June 12, 2019 — Following the biggest set of tax law changes in more than 30 years, the Internal Revenue Service continues to remind taxpayers to do a Paycheck Checkup to help make sure they are having the right amount of tax withheld.

Final regulations on charitable contributions and state and local tax credits

IR-2019-109, June 11, 2019 — The U.S. Department of the Treasury and the Internal Revenue Service today issued final regulations that require taxpayers to reduce their charitable contribution deductions by the amount of any state or local tax credits they receive or expect to receive in return.

IRS reminder: Get tax withholding right; do a Paycheck Checkup at least once every year

IR-2019-108, June 11, 2019 — The Internal Revenue Service today urged taxpayers to review their 2019 tax withholding using the IRS Withholding Calculator and make any changes with their employer as soon as possible.

IRS continues campaign to encourage taxpayers to do a Paycheck Checkup; use Withholding Calculator to help get right amount for 2019

IR-2019-107, June 10, 2019 — The Internal Revenue Service today launched a special week-long  campaign encouraging taxpayers to do a Paycheck Checkup now to make sure they are having the right amount of tax taken out of their paychecks for 2019.

IRS reminder: June 17 is next deadline for those who pay estimated taxes

IR-2019-105, June 6, 2019 – The Internal Revenue Service today reminded taxpayers who pay estimated taxes that Monday, June 17, is the deadline for the second estimated tax payment for 2019.

IRS now billing those who filed for 2018 but didn’t pay; many payment options available 

IR-2019-99, June 3, 2019 ― The Internal Revenue Service today advised those now receiving tax bills because they filed on time but didn’t pay in full that there are many easy options for paying what they owe.

IRS, Treasury unveil proposed W-4 design for 2020

IR-2019-98, May 31, 2019 – Today the Internal Revenue Service issued a draft of the 2020 Form W-4, Employee's Withholding Allowance Certificate, that will make accurate withholding easier for employees starting next year.

IRS: Doing a ‘Paycheck Checkup’ is a good idea for workers with multiple jobs

IR-2019-97, May 23, 2019 — The Internal Revenue Service urges taxpayers who work multiple jobs or who may be adding summer employment to complete a Paycheck Checkup.

IRS highlights credits and deductions for businesses during Small Business Week

IR-2019-93, May 10, 2019 — During Small Business Week, the IRS reminds small business owners and self-employed individuals to take deductions and credits that will help their bottom line.

During Small Business Week, IRS spotlights expanded tax benefits for depreciation and expensing

IR-2019-92, May 9, 2019 — During Small Business Week, the Internal Revenue Service is highlighting tax reform changes that impact depreciation and expensing for nearly every business.

During Small Business Week, IRS urges businesses to make estimated tax payments so they don’t owe

IR-2019-91, May 8, 2019 — As part of Small Business Week, the Internal Revenue Service today reminds small business owners and self-employed people that they can avoid a surprise tax bill and possibly a penalty by making estimated tax payments during the year.

For those who missed the tax-filing deadline, IRS says file now to avoid bigger bill

IR-2019-81, April 29, 2019 — While the federal income tax-filing deadline has passed for most people, there are some taxpayers who have not yet filed their tax returns.

Done with taxes this year? Use 2018 return to get 2019 withholding right

IR-2019-80, April 26, 2019 — Millions of taxpayers filed a 2018 tax return in the last few weeks, making now a prime time for everyone to consider whether their tax situation came out as they expected.

IRS issues guidance relating to deferral of gains for investments in a qualified opportunity fund

IR-2019-75, April 17, 2019 –The Internal Revenue Service today issued guidance providing additional details about investment in qualified opportunity zones.

Taxpayers can get faster tax refunds with Direct Deposit

IR-2019-69, April 10, 2019 — With the tax deadline nearly here, the Internal Revenue Service encourages all taxpayers to join the 80 percent of filers who choose Direct Deposit to get their tax refund faster.

IRS.gov: Best place to get last-minute tax tips and resources

IR-2019-67, April 9, 2019 – With just days remaining before the federal tax-filing deadline, the Internal Revenue Service reminds taxpayers they have a variety of options to get help preparing and filing their tax returns on IRS.gov.

IRS: Rushing to file taxes can result in errors, use e-file, file extension if needed

IR-2019-65, April 8, 2019 — As the April tax-filing deadline nears, many taxpayers may rush to finish their tax returns or find they need extra time to get them done.

Tax deadline approaches: IRS dispels five myths about tax refunds

IR-2019-64, April 5, 2019 ― As the April tax-filing deadline approaches, the Internal Revenue Service understands that taxpayers are anxious to get details about their tax refunds.

Estimated taxes form and publication can help people pay the right amount in 2019

IR-2019-62, April 3, 2019 – The Internal Revenue Service today reminded self-employed individuals, retirees, investors and others who pay their taxes quarterly that the first estimated tax payment for tax year 2019 is due Monday, April 15, 2019, for most taxpayers.

IRS offers webinar on the importance of filing on time

IR-2019-61, April 2, 2019 — The IRS is offering a free webinar focusing on the importance of filing a return on time, even if the tax due cannot be paid.

Tax Time Guide wrap-up: Tips on payment options, penalty waivers, refunds and more

IR-2019-60, April 2, 2019 — The IRS today urged taxpayers to file an accurate tax return on time, even if they owe but can’t pay in full.

With new SALT limit, IRS explains tax treatment of state and local tax refunds

IR-2019-59, March 29, 2019 — The Internal Revenue Service today clarified the tax treatment of state and local tax refunds arising from any year in which the new limit on the state and local tax (SALT) deduction is in effect.

Tax Time Guide: Tax help is just a click away on IRS.gov

IR-2019-56, March 26, 2019 — The Internal Revenue Service reported that there were more than 585 million visits to IRS.gov by taxpayers finding answers to tax questions, e-filing tax returns and checking on their tax refunds in 2018.

IRS expands penalty waiver for those whose tax withholding and estimated tax payments fell short in 2018; key threshold lowered to 80 percent

IR-2019-55, March 22, 2019 — The Internal Revenue Service today provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

IRS issues proposed regulations on new tax reform reporting requirements for life insurance contract transactions; New reporting forms available

IR-2019-54, March 22, 2019 –The Internal Revenue Service today issued proposed regulations on the new information reporting requirements for certain life insurance contracts under the Tax Cuts and Jobs Act (TCJA).

IRS offers free March 28 webinar: Understanding how to do a ‘Paycheck Checkup’

IR-2019-52, March 21, 2019 — The Internal Revenue Service will provide a free online, web-based information session in two languages on Thursday, March 28, 2019, to help people understand how to do a ‘Paycheck Checkup.’

Tax Time Guide: Contribute to an IRA by April 15 to claim it on 2018 tax returns

IR-2019-46, March 19, 2019 — The IRS reminded taxpayers today that it’s not too late to contribute to an IRA and still claim it on a 2018 tax return.

Tax Time Guide: IRS urges taxpayers to check their tax withholding early in 2019; Paycheck Checkup can avoid problems next year

IR-2019-37, March 12, 2109 – The Internal Revenue Service today renewed its effort to encourage taxpayers to review their tax withholding using the IRS Withholding Calculator and make any needed adjustments early in 2019.

Tax Time Guide: IRS publication helps small businesses, self-employed understand what’s new for taxes

IR-2019-34, March 8, 2019 — The IRS wants business owners and the self-employed to know that a publication on IRS.gov has information they can use to learn which recent tax-law changes impact their bottom line.

IRS issues proposed regulations on deduction for foreign-derived intangible income and global intangible low-taxed income

IR-2019-27, March 5, 2019 — The Internal Revenue Service issued proposed regulations under section 250 of the Internal Revenue Code, which offers domestic corporations deductions for foreign-derived intangible income (FDII) and global intangible low-taxed income.

IRS waives estimated tax penalty for farmers, fishermen who file returns and pay tax by April 15

IR-2019-24, February 28, 2019 — The Internal Revenue Service will waive the estimated tax penalty for any qualifying farmer or fisherman who files his or her 2018 federal income tax return and pays any tax due by Monday, April 15, 2019.

Tax Time Guide: Most people affected by major tax reform changes; Special publication, other online resources can help

IR-2019-22, February 26, 2019 — With major tax law changes impacting every taxpayer, the Internal Revenue Service has developed a special electronic publication and other online resources designed to help people understand how tax reform affects them this year and the years ahead.

IRS provides various payment options for taxpayers who owe but can’t pay in full

IR-2019-15, February 13, 2019 ― As the 2019 tax filing season gets into full swing, the IRS reminds taxpayers who owe of the many easy payment options.

IRS provides a safe harbor method of accounting for passenger automobiles that qualify for the 100-percent additional first year depreciation

IR-2019-14, February 13, 2019 –The Treasury Department and the Internal Revenue Service issued guidance today that provides a safe harbor method for determining depreciation deductions for passenger automobiles that qualify for the 100-percent additional first year depreciation deduction and that are subject to the depreciation limitations for passenger automobiles. 

Avoid the rush: Pay taxes owed online or set up a payment plan

IR-2019-13, February 13, 2019 — The Internal Revenue Service today reminded taxpayers who may unexpectedly owe additional tax that there are many online options for payment as well as online options for applying for a payment plan for those who can't pay in full.

Avoid the rush: Fastest way to check tax refund is ‘Where’s My Refund?’ tool at IRS.gov

IR-2019-12, February 12, 2019 — Offering time-saving alternatives to a telephone call, the IRS reminds taxpayers they can get fast answers to their refund questions by using the “Where’s My Refund?” tool available on IRS.gov and through the IRS2Go app.

Avoid the rush over Presidents Day holiday; online tools, resources can help

IR-2019-10, February 11, 2019 — With a new tax law in effect and a surge of tax returns expected during the Presidents Day weekend, the IRS is offering taxpayers several tips and various time-saving resources to get them the help they need quickly and easily.

IRS kicks off 2019 tax-filing season as tax agency reopens; Use IRS.gov to avoid phone delays

IR-2019-07, January 28, 2019 ― The RS successfully opened the 2019 tax-filing season today as the agency started accepting and processing federal tax returns for tax year 2018.

Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deduction

IR-2019-04, January 18, 2019 — Today the Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction).

IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018

IR-2019-03, January 16, 2019 — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

IRS issues guidance on Section 179 expenses and Section 168(g) depreciation under Tax Cuts and Jobs Act

IR-2018-257, December 21, 2018 — The IRS issued Revenue Procedure 2019-08 today to provide guidance on deducting expenses under Section 179(a) and on deducting depreciation under Section 168(g).

IRS: Make an estimated tax payment now to avoid a tax time surprise

IR-2018-255, December 19, 2018 — The IRS today advised employees, whose 2018 federal income tax withholding unexpectedly falls short of their tax liability for the year, that they can still avoid a tax-time surprise by making a quarterly estimated tax payment directly to the IRS.

IRS issues guidance on changes to excess business and net operating losses

IR-2018-254, December 18, 2018 — The IRS issued guidance on excess business loss limitations and net operating losses following law changes in the Tax Cuts and Jobs Act (TCJA).

IRS issues standard mileage rates for 2019

IR-2018-251, December 14, 2018 — The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

IRS issues proposed regulations on key new international provision, the base erosion and anti-abuse tax

IR-2018-250, December 13, 2018 — The Internal Revenue Service issued proposed regulations today on the section 59A base erosion and anti-abuse tax.

IRS issues guidance for determining nondeductible amount of parking fringe expenses and unrelated business taxable income; provides penalty relief to tax-exempt organizations

IR-2018-247, December 10, 2018 – The Internal Revenue Service today issued interim guidance regarding the treatment of qualified transportation fringe benefit expenses paid or incurred after Dec. 31, 2017.

For private corporations and their employees, IRS provides initial guidance on new tax benefit for stock options and restricted stock units

IR-2018-246, December 7, 2018 — The Internal Revenue Service today issued Notice 2018-97 offering guidance on a recent tax law change that allows qualified employees of privately-held corporations to defer paying income tax, for up to five years, on the value of qualified stock options and restricted stock units (RSUs) granted to them by their employers.

IRS reminds those with disabilities of new ABLE account benefits

IR-2018-239, December 4, 2018 — The Internal Revenue Service wants to remind those with disabilities that the Tax Cuts and Jobs Act (2017) made major changes to Achieving a Better Life Experience (ABLE) accounts.

IRS launches Instagram account to help taxpayers: Agency adds social media platform to reach more taxpayers, share timely information on filing season, tax law changes, tax scams

IR-2018-237, November 30, 2018 — As part of a larger mission of helping all taxpayers understand and meet their tax responsibilities, the IRS announced today its debut on Instagram, adding this platform to its social media portfolio.

IRS issues proposed regulations on foreign tax credits

IR-2018-235, November 28, 2018 — The Internal Revenue Service issued proposed regulations today on foreign tax credits for businesses and individuals.

IRS issues proposed regulations on new business interest expense deduction limit

IR-2018-233, Nov. 26, 2018 —  The Internal Revenue Service issued proposed regulations today for a provision of the Tax Cuts and Jobs Act, which limits the business interest expense deduction for certain taxpayers.

Get Ready for Taxes: Tax reform changes likely to reduce number of taxpayers who itemize

IR-2018-230, Nov. 21, 2018 — The IRS today advised taxpayers that the doubling of the standard deduction due to tax law changes is likely to reduce the number of taxpayers who normally itemize.

Treasury, IRS: Making large gifts now won’t harm estates after 2025

IR-2018-229, Nov. 20, 2018 — Today the IRS announced that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels.

Like-kind exchanges now limited to real property

IR-2018-227, November 19, 2018 — The Internal Revenue Service today reminded taxpayers that like-kind exchange tax treatment is now generally limited to exchanges of real property.

New tax law allows small businesses to expense more, expands bonus depreciation

IR-2018-223, November 15, 2018 — The Internal Revenue Service today reminded small business taxpayers that changes to the tax law mean they can immediately expense more of the cost of certain business property.

IRS provides tax inflation adjustments for tax year 2019

IR-2018-222, November 15, 2018 — The Internal Revenue Service today announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.

Get Ready for Taxes: For many, time is running out to avoid a tax-time surprise; Check withholding, make estimated payments now

IR-2018-220, Nov. 14, 2018 ― Many taxpayers, at risk for having too little tax withheld from their pay, can avoid a surprise year-end tax bill by quickly updating the withholding form they give to their employer, according to the Internal Revenue Service.

Get Ready for Taxes: Here’s how the new tax law revised family tax credits

IR-2018-217, Nov. 7, 2018 ― More families will be able to get more money under the newly-revised Child Tax Credit, according to the IRS.

IRS issues final regulations, expanding paid preparer due diligence requirement to head of household filers

IR-2018-216, November 7, 2018 — The Treasury Department and the Internal Revenue Service today issued final regulations expanding the long-standing paid preparer due diligence requirement to include individual income tax returns claiming the head of household filing status.

IRS issues proposed regulations reducing potential income inclusions for certain domestic corporations that own stock in foreign corporations

IR-2018-210, Oct. 31, 2018 — The Internal Revenue Service today issued proposed regulations reducing the amount determined
under Internal Revenue Code section 956 for certain domestic corporations that own (or are treated as owning) stock in
controlled foreign corporations (CFCs). 

Get Ready for Taxes: Learn how the new tax law affects tax returns next year

IR-2018- 209, Oct. 30, 2018 — The IRS today advised taxpayers about steps they can take now to ensure smooth processing of their 2018 tax return and avoid surprises when they file next year.

Treasury, IRS issue proposed regulations on new Opportunity Zone tax incentive

IR-2018-206, October 19, 2018 —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive.

Reduced 24-percent withholding rate applies to small businesses and other payers; Revised backup withholding publication features helpful FAQs

IR-2018-205, October 18, 2018 — The Internal Revenue Service today urged small businesses and other payers to check out the agency’s newly-revised backup withholding publication, now available on IRS.gov.

IRS: Several tax law changes may affect bottom line of many business owners

IR-2018-203, October 16, 2018 — The Internal Revenue Service today reminded business owners that tax reform legislation passed last December affects nearly every business.

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

IR-2018-197, Oct. 9, 2018 — With just a few months left in tax year 2018, the IRS today urges small business owners to learn about how the new tax law changes may affect them.

For many business taxpayers, time is running out to elect out of new 100-percent depreciation deduction for 2017

IR-2018-196, Oct. 4, 2018 — The IRS today reminds business taxpayers who placed qualifying property in service during 2017 but choose not to claim the new 100-percent depreciation deduction, that they have a limited time to file the required election with the IRS.

IRS issues guidance on Tax Cuts and Jobs Act changes on business expense deductions for meals, entertainment

IR-2018-195, Oct. 3, 2018 — The IRS issued guidance today on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA).

New employer tax credit for paid family and medical leave available for 2018 and 2019

IR-2018-191, Sept. 24, 2018 — Today the IRS announced that eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019.

IRS: 2018 employer reimbursements for employees’ 2017 moves are generally tax-free

IR-2018-190, Sept. 21, 2018 — Employer payments or reimbursements in 2018 for employees’ moving expenses incurred prior to 2018 are excluded from the employee’s wages for income and employment tax purposes, the Internal Revenue Service announced today.

IRS issues proposed regulations on global intangible low-taxed income for U.S. shareholders

IR-2018-186, Sept.13, 2018 — The Internal Revenue Service issued proposed regulations today concerning global intangible low-taxed income under section 951A and related sections of the Internal Revenue Code.

IRS reminder: Third estimated tax payment due Sept. 17; Tools are available to help people pay right amount following law changes

IR-2018-184, Sept. 11, 2018 — With tax reform bringing major changes for the current tax year, the Internal Revenue Service today reminded small businesses, self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the third estimated tax payment for 2018 is due on Monday, Sept. 17, 2018.

Tax reform changes affecting small business and self-employed taxpayers; third quarter estimated tax payment deadline is Sept. 17

IR-2018-182, Sept 10, 2018 — With the last third of the year now in full view, the IRS today reminded small business and self-employed taxpayers of the importance of meeting their tax obligations. Part of those obligations normally include making quarterly estimated tax payments.

Retirees: Avoid a surprise tax bill; get enough tax taken out of pension payments; IRS Withholding Calculator can help

IR-2018-180, Sept. 7, 2018 — With tax reform bringing major changes for the year ahead, the Internal Revenue Service today urged retirees to make sure they are paying in enough tax during the year by using the Withholding Calculator, available on IRS.gov.

Avoid penalty for underpayment of taxes; IRS says check withholding, make estimated payments

IR-2018-179, Sept. 6, 2018 ― With nearly 10 million U.S. taxpayers facing a penalty for underpayment of estimated tax last year, the Internal Revenue Service urges taxpayers to plan ahead, understand their options and avoid the penalty when they file in early 2019.

Clarification for business taxpayers: Payments under state or local tax credit programs may be deductible as business expenses

IR-2018-178, Sept. 5, 2018 — Business taxpayers who make business-related payments to charities or government entities for which the taxpayers receive state or local tax credits can generally deduct the payments as business expenses, the Internal Revenue Service said today.

Treasury, IRS issue proposed regulations on charitable contributions and state and local tax credits

IR-2018-172, Aug. 23, 2018 — Today the U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit. 

For people involved in the sharing economy: Do a ‘Paycheck Checkup’ now, avoid a surprise year-end tax bill

IR-2018-168, Aug. 17, 2018 — The Internal Revenue Service urges anyone working in the sharing economy to perform a Paycheck Checkup now to avoid an unexpected tax bill when they file their return next year.

Taxpayers with children, other dependents should check their withholding soon

IR-2018-167, Aug. 16, 2018 — The IRS urges taxpayers with children and other dependents to use the Withholding Calculator at IRS.gov to do a “paycheck checkup.”

Key tax change affects taxpayers with dependents; IRS urges workers to check withholding

IR-2018-166, Aug. 15, 2018 — The IRS urges taxpayers who support dependents who can’t be claimed for the Child Tax Credit to do a paycheck checkup soon.

Taxpayers with high incomes, complex returns: Check withholding soon

IR-2018-165, Aug. 14, 2018 — The Internal Revenue Service today urged high-income taxpayers and those with complex tax returns to check their withholding soon to avoid an unexpected tax bill or penalty when they file their 2018 federal income tax return in 2019.

Got a big tax refund? Use IRS Withholding Calculator to boost take-home pay in 2018

IR-2018-163, Aug. 13, 2018 — Taxpayers who received large refunds earlier this year may be able to get more of their money included in their paychecks during the rest of 2018 by using the Withholding Calculator on IRS.gov.

IRS issues proposed regulations on new 20 percent deduction for passthrough businesses

IR-2018-162, Aug. 8, 2018 — The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.

IRS issues guidance on small business accounting method changes under Tax Cuts and Jobs Act

IR-2018-160, Aug. 3, 2018 — The IRS issued guidance today on new tax law changes that allow small business taxpayers with average annual gross earnings of $25 million or less in the prior three-year period to use the cash method of accounting.

Treasury, IRS issue proposed regulations on new 100 percent depreciation

IR-2018-159, Aug. 3, 2018 — The Treasury Department and the Internal Revenue Service today issued proposed regulations on the new 100-percent depreciation deduction that allows businesses to write off most depreciable business assets in the year they are placed in service.

IRS and Treasury issue proposed regulations implementing Section 965

IR-2018-158, August 1, 2018 — The Internal Revenue Service and the Department of the Treasury today issued proposed regulations on section 965 of the Internal Revenue Code.

IRS offers guidance on recent 529 education savings plan changes

IR-2018-156, July 30, 2018 — The Internal Revenue Service and Department of the Treasury today announced their intent to issue regulations on three recent tax law changes affecting popular 529 education savings plans.

IRS offers summer tips for temporary jobs, marriage, deductions and credits

IR-2018-149, July 12, 2018 — Before starting a summer job, taking a vacation or sending the kids off to camp, the IRS wants taxpayers to know that some summertime activities may qualify for tax credits or deductions.

Tax bill this year? Check withholding soon, avoid another one next year

IR-2018-145, June 28, 2018 — Taxpayers who owed additional tax when they filed their 2017 federal tax return earlier this year can avoid another unexpected tax bill next year by doing a “paycheck checkup” as soon as possible, according to the IRS.

Tax reform allows people with disabilities to put more money into ABLE accounts, expands eligibility for Saver’s Credit

IR-2018-139, June 15, 2018 – People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit for low- and moderate-income workers, according to the Internal Revenue Service.

IRS reminder: Second estimated tax payment due June 15; form, publication can help people pay the right amount following law changes

IR-2018-138, June 14, 2018 — With tax reform bringing major changes for the year ahead, the IRS today reminded self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the second estimated tax payment for 2018 is due on Friday, June 15, 2018.

More than 2 million ITINs to expire this year; Renew soon to avoid refund delays

IR-2018-137, June 14, 2018 — With more than 2 million Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2018, the IRS today urged affected taxpayers to submit their renewal applications soon to beat the rush and avoid refund delays next year.

For new tax on some private colleges, stepped-up basis may apply to property sold at a gain; new basis rule may limit tax impact

IR-2018-134, June 8, 2018 — A private college or university, subject to the new 1.4 percent excise tax on net investment income, that sells property at a gain generally may use the property’s fair market value at the end of 2017 as its basis for figuring the tax on any resulting gain, the IRS said today.

IRS offers penalty, filing relief to many subject to new transition tax on foreign earnings

IR-2018-131, June 4, 2018 — The Internal Revenue Service (IRS) today announced that it will waive certain late-payment penalties relating to the section 965 transition tax, and provided additional information for individuals subject to the section 965 transition tax regarding the due date for relevant elections.

Law change affects moving, mileage and travel expenses

IR-2018-127, May 25, 2018  —  The Internal Revenue Service today provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect: move related vehicle expenses; un-reimbursed employee expenses; and, vehicle expensing.

New law gives individuals and businesses more time to challenge a wrongful IRS levy; newly-revised publication can help

IR-2018-126, May 25, 2018 — Individuals and businesses have additional time to file an administrative claim or to bring a civil action for wrongful levy or seizure, according to the Internal Revenue Service.

Two-income families, taxpayers working multiple jobs should check withholding amount

IR-2018-124, May 24, 2018  –  The Internal Revenue Service urges two-income families and those who work multiple jobs to complete a “paycheck checkup” to verify they are having the right amount of tax withheld from their paychecks. 

IRS issues notice on state and local tax deductions

IR-2018-122, May 23, 2018 — The U.S. Department of the Treasury and the Internal Revenue Service issued a notice today stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes.

Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises

IR-2018-120, May 16, 2018 — The IRS encourages taxpayers who typically itemized their deductions on Schedule A of the Form 1040 to use the Withholding Calculator this year to perform a “paycheck checkup.”

Seasonal, part-year workers urged to check tax withholding amount

IR-2018-118, May 9, 2018 — The Internal Revenue Service today encouraged taxpayers who work seasonal jobs or are employed part of the year to visit the Withholding Calculator and perform a “paycheck checkup.”

IRS highlights sharing economy tax center, other resources during National Small Business Week 

IR-2018-110, May 2, 2018 — The IRS is highlighting a variety of online resources to help small business owners and self-employed individuals as part of National Small Business Week from April 29 to May 5. 

For Small Business Week, IRS highlights key business tax topics

IR-2018-109, May 2, 2018 — In recognition of National Small Business Week, April 29 to May 5, the IRS is highlighting several resources to help small business owners and self-employed individuals understand and meet their tax obligations.

IRS grants relief for taxpayers affected by reduction of maximum deductible Health Savings Account contributions

IR-2018-107, April 26, 2018 — The Internal Revenue Service today announced relief for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who contribute to a Health Savings Account (HSA).

IRS describes new tax reform information reporting requirements for certain life insurance contract transactions and provides transitional guidance delaying reporting until final regulations are issued

IR-2018-104, April 26, 2018 — The Internal Revenue Service today described the new information reporting requirements for certain life insurance contracts under new IRC 6050Y, which was added by the Tax Cuts and Jobs Act (TCJA).

Many corporations will pay a blended federal income tax this year under the new tax reform law 

IR-2018-99, April 16, 2018 — Many U.S. corporations elect to use a fiscal year end and not a calendar year end for federal income tax reporting purposes. 

Combat zone tax benefits now available to Armed Forces members who served in the Sinai Peninsula; IRS accepting retroactive tax refund claims back to 2015

IR-2018-95, April 13, 2018 — U.S. Armed Forces members who served in the Sinai Peninsula of Egypt may qualify for combat zone tax benefits retroactive to June 2015, according to the Internal Revenue Service.

Inflation Adjustments Under Recently Enacted Tax Law

IR-2018-94, April 13, 2018 — The Internal Revenue Service has updated the tax year 2018 annual inflation adjustments to reflect changes from the Tax Cuts and Jobs Act (TCJA). The tax year 2018 adjustments are generally used on tax returns filed in 2019.

Newly-revised estimated tax form and publication can help people pay the right amount

IR-2018-93, April 13, 2018 — With tax reform bringing major changes for the year ahead, the Internal Revenue Service today reminded the many self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the first estimated tax payment for 2018 is due on Tuesday, April 17, 2018.

IRS issues guidance on business interest expense limitations

IR-2018-82, April 2, 2018 ― The Treasury Department and the IRS today issued Notice 2018-28, which provides guidance for computing the business interest expense limitation under recent tax legislation enacted on Dec. 22, 2017.

IRS issues guidance on withholding on the transfer of partnership interests by foreign persons

IR-2018-81, April 2, 2018 ―The Treasury Department and the IRS today issued guidance regarding the withholding on the transfer of non-publicly traded partnership interests under the recently enacted Tax Cuts and Jobs Act. 

IRS urges "Paycheck Checkup" for key groups; tax withholding may need adjustment

IR-2018-80, April 2, 2018 — The IRS today encouraged several key groups of taxpayers to perform a “paycheck checkup” to check if they are having the right amount of tax withholding following recent tax-law changes.

IRS issues additional guidance on transition tax on foreign earnings

IR-2018-79, April 2, 2018 — The Treasury Department and the Internal Revenue Service today provided additional guidance (Notice 2018-26) for computing the “transition tax” on the untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act enacted on Dec. 22, 2017.

IRS encourages "Paycheck Checkup" for taxpayers to check their withholding; special week focuses on changes

IR-2018-73, March 26, 2018 — Launching a special week of activities, the IRS today continued its effort to encourage taxpayers to do a “paycheck checkup” to make sure they have the right amount of tax taken out of their paychecks for their personal situation.

IRS provides additional details on section 965, transition tax; Deadlines approach for some 2017 filers

IR-2018-53, March 13, 2018 — The Internal Revenue Service today provided additional information to help taxpayers meet their filing and payment requirements for the section 965 transition tax.

IRS plans to issue regulations clarifying limitations on carried interest

IR-2018-37, March 1, 2018 — The IRS announced today that S corporations are subject to the extended three year holding period for applicable partnership interests and that regulations will be issued soon.

Updated Withholding Calculator, Form W-4 released; Calculator helps taxpayers review withholding following new tax law

IR-2018-36, Feb. 28, 2018 — The IRS today released an updated Withholding Calculator on IRS.gov and a new version of Form W-4 to help taxpayers check their 2018 tax withholding following passage of the Tax Cuts and Jobs Act in December.

Interest on home equity loans often still deductible under new law

IR-2018-32, Feb. 21, 2018 — The IRS today advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans.

IRS issues guidance on changes in accounting periods related to the transition tax

IR-2018-25, Feb. 13, 2018 — The Treasury Department and the IRS today announced modifications to the procedures for changing the accounting period of foreign corporations owned by U.S. shareholders that are subject to the transition tax under the Tax Cuts and Jobs Act.

IRS Announces 2018 pension plan limitations not affected by Tax Cuts and Jobs Act of 2017

IR-2018-19, Feb. 6, 2018 - The Internal Revenue Service today announced that the Tax Cuts and Jobs Act of 2017 does not affect the tax year 2018 dollar limitations for retirement plans announced in IR 2017-177 and detailed in Notice 2017-64.

Tax Issues for Alaska Native American Corporations and Alaska Native Settlement Trusts

IR-2018-16, Jan. 30, 2018 — The Internal Revenue Service today reminds Alaska Native Corporations and Alaska Native Settlement Trusts that they may be able to take advantage of certain benefits in the recently enacted tax reform legislation.

IRS issues additional guidance on transition tax on foreign earnings

IR-2018-09, Jan. 19, 2018 — The Treasury Department and the Internal Revenue Service (IRS) today provided additional guidance (Notice 2018-13) for computing the “transition tax” on the untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act.

Updated 2018 withholding tables now available; Taxpayers could see paycheck changes by February

IR-2018-05, Jan. 11, 2018 — The Internal Revenue Service today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month.

IRS issues guidance on transition tax on foreign earnings

IR-2017-212, Dec. 29, 2017 — The Treasury Department and the Internal Revenue Service today issued Notice 2018-07, which provides guidance for computing the “transition tax” under recent tax legislation enacted on Dec 22, 2017.

IRS Advisory: Prepaid real property taxes may be deductible in 2017 if assessed and paid in 2017

IR-2017-210, Dec. 27, 2017 — The Internal Revenue Service advised tax professionals and taxpayers today that pre-paying 2018 state and local real property taxes in 2017 may be tax deductible under certain circumstances.

More Tax Reform Information

Facts about the qualified business income deduction

FS-2019-8, April 2019 ― Many individuals, including owners of businesses operated through sole proprietorships, partnerships, S corporations, trusts and estates may be eligible for a qualified business income deduction, also called the section 199A deduction.

Basics of estimated taxes for individuals

FS-2019-6, April 2019 ― The U.S. tax system operates on a pay-as-you-go basis. This means that taxpayers need to pay most of their tax during the year, as the income is earned or received.

Tax withholding: How to get it right

FS-2019-4, March 2019 ― The federal income tax is a pay-as-you-go tax. Taxpayers pay the tax as they earn or receive income during the year. 

IRS highlights tax reform changes that affect businesses

FS-2019-3, March 2019 ― The Tax Cuts and Jobs Act (TCJA) included a few dozen tax law changes that affect businesses.

Be Tax Ready – understanding tax reform changes affecting individuals and families

FS-2019-2, February 2019 ― The Tax Cuts and Jobs Act (TCJA), enacted in late 2017, produced the most sweeping tax law change in more than 30 years.

The highlights of Tax Reform for businesses

FS-2018-17, October 2018 ― The Tax Cuts and Jobs Act included a few dozen tax law changes that affect businesses. Most of the changes in the new law take effect in 2018 and will affect tax returns filed in 2019.

Tax facts for seasonal job seekers

FS-2018-15, August 2018 ― Students and other taxpayers often obtain seasonal jobs to earn extra spending money or to save for later.

Know the tax facts about renting out residential property

FS-2018-14, August 2018 — People often rent out their residential property as a source of income, particularly during the vacation-heavy, warm summer months.

New rules and limitations for depreciation and expensing under the Tax Cuts and Jobs Act

FS-2018-9, April 2018 — The Tax Cuts and Jobs Act, signed Dec. 22, 2017, changed some laws regarding depreciation deductions.

IRS Statement on Form W-4

Sept. 20, 2018 — Following feedback from the payroll and tax communities, the Treasury Department and the IRS will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020.

IRS Statements: Withholding for 2018

Dec. 26, 2017 — Here are the latest developments involving withholding information related to the Tax Cuts and Jobs Act.

Employers who provide leave might qualify to claim valuable credit

Tax Reform Tax Tip 2019-115, August 22, 2018

Tax planning should include a Paycheck Checkup

Tax Reform Tax Tip 2019-112, August 19, 2019

Here’s what taxpayers should know about the new IRS Tax Withholding Estimator

Tax Reform Tax Tip 2019-111, August 15, 2019

Here’s what taxpayers should know about making 2019 estimated tax payments

Tax Reform Tax Tip 2019-109, August 13, 2019

Taxpayers can follow these three steps to use new Tax Withholding Estimator

Tax Reform Tax Tip 2019-108, August 12, 2019

Improved tool on IRS.gov helps taxpayers check their withholding

Tax Reform Tax Tip 2019-106, August 7, 2019

These summer actions might benefit taxpayers who itemize

Tax Reform Tax Tip 2019-102, July 31, 2019

Here’s the 411 on who can deduct car expenses on their tax returns

Tax Reform Tax Tip 2019-100, July 29, 2019

Year-round tax planning includes reviewing eligibility for credits and deductions

Tax Reform Tax Tip 2019-99, July 25, 2019

Divorce or separation may have an effect on taxes

Tax Reform Tax Tip 2019-88, July 8, 2019

Tips for taxpayers who have tax issues after filing their taxes

Tax Reform Tax Tip 2019-81, June 24, 2019

Taxpayers have options for paying the tax they owe throughout the year

Tax Reform Tax Tip 2019-76, June 13, 2019

There are two ways taxpayers can check their withholding on IRS.gov

Tax Reform Tax Tip 2019-75, June 12, 2019

Here’s what taxpayers should know about doing a Paycheck Checkup

Tax Reform Tax Tip 2019-74, June 11, 2019

All taxpayers should check their withholding ASAP

Tax Reform Tax Tip 2019-73, June 6, 2019

All taxpayers should plan ahead for natural disasters

IRS Tax Reform Tax Tip 2019-67, May 29, 2019

Here’s what historic building owners should know about the rehabilitation tax credit

Tax Reform Tax Tip 2019-64, May 22, 2019

Businesses should review depreciation deductions rules

Tax Reform Tax Tip 2019-56, May 9, 2019

Six things taxpayers should know about the sharing economy and their taxes       

Tax Reform Tax Tip 2019-46, April 23, 2019

Don’t fall for myth-leading information about tax refunds

Tax Reform Tax Tip 2019-45, April 22, 2019

Things taxpayers should know about claiming dependents

Tax Reform Tax Tip 2019-35, April 3, 2019

Tax reform brought significant changes to itemized deductions

Tax Reform Tax Tip 2019-28, March 21, 2019

Business taxpayers should take another look at their estimated tax payments

Tax Reform Tax Tip 2019-23, March 13, 2019

Tax reform changes to fringe benefit deductions affect business’s bottom line

Tax Reform Tax Tip 2019-21, March 11, 2019

Taxpayers must report health care coverage on 2018 tax return

Tax Reform Tax Tip 2019-20, March 7, 2019

Here’s how tax reform affects taxpayers who claim the child tax credit

Tax Reform Tax Tip 2019-15, February 27, 2019

Videos help taxpayers learn more about tax reform

Tax Reform Tax Tip 2019-08, February 13, 2019

Individuals can find answers to their questions about tax reform on IRS.gov

Tax Reform Tax Tip 2019-04, February 5, 2019

Find out how tax reform affects your businesses' bottom line at IRS.gov

Tax Reform Tax Tip 2019-01, January 29, 2019

New IRS resources on IRS.gov help businesses understand tax reform

Tax Reform Tax Tip 2018-197, December 20, 2018

These videos will help taxpayers learn more about how tax reform affects their taxes

Tax Reform Tax Tip 2018-196, December 19, 2018

Individuals can find answers to their questions about tax reform on IRS.gov

Tax Reform Tax Tip 2018-195, December 18, 2018

Businesses can visit IRS.gov to find out how tax reform affects their bottom line

Tax Reform Tax Tip 2018-194, December 17, 2018

Tax reform brings changes to qualified moving expenses

Tax Reform Tax Tip 2018-192, December 12, 2018

Tax reform creates Opportunity Zone tax incentive

Tax Reform Tax Tip 2018-191, December 11, 2018

Tax reform law makes changes to employee achievement award rules

Tax Reform Tax Tip 2018-190, December 10, 2018

New tax credit benefits employers who provide paid family and medical leave

Tax Reform Tax Tip 2018-183, November 28, 2018

What’s new with the Child Tax Credit after Tax Reform

Tax Reform Tax Tip 2018-182, November 27, 2018

Some S corporations may want to convert to C corporations

Tax Reform Tax Tip 2018-179, November 20, 2018

Tax Reform changes depreciation limits on luxury automobiles

Tax Reform Tax Tip 2018-177, November 15, 2018

Tax Reform affects if and how taxpayers itemize their deductions

Tax Reform Tax Tip 2018-176, November 14, 2018

After Tax Reform, many corporations will pay blended tax rate

Tax Reform Tax Tip 2018-173, November 7, 2018

Here’s how Tax Reform changed accounting methods for small businesses

Tax Reform Tax Tip 2018-172, November 6, 2018

New IRS publication helps taxpayers "Get Ready" for Tax Reform

Tax Reform Tax Tip 2018-171, November 5, 2018

Tax Reform changes to depreciation deduction affect farmers’ bottom line

Tax Reform Tax Tip 2018-170, November 1, 2018

Here’s how Tax Reform affects farmers and ranchers

Tax Reform Tax Tip 2018-169, October 31, 2018

Newly revised publication helps taxpayers understand changes to backup withholding

Tax Reform Tax Tip 2018-168, October 30, 2018

Business owners can claim a qualified business income deduction

Tax Reform Tax Tip 2018-166, October 25, 2018

Taxpayers can follow these steps for using the Withholding Calculator on IRS.gov

Tax Reform Tax Tip 2018-164, October 23, 2018

Webinars help employers, businesses and tax preparers understand Tax Reform law

Tax Reform Tax Tip 2018-163, October 22, 2018

Tax Reform brings changes to fringe benefits that can affect an employer’s bottom line

Tax Reform Tax Tip 2018-162, October 18, 2018

Tax Reform brings changes to real estate rehabilitation tax credit

Tax Reform Tax Tip 2018-161, October 17, 2018

IRS resources can help small businesses better understand how Tax Reform affects their bottom line

Tax Reform Tax Tip 2018-158, October 11, 2018

New 100-percent depreciation deduction benefits business taxpayers

Tax Reform Tax Tip 2018-157, October 10, 2018

Taxpayers who haven’t checked their withholding should use the Withholding Calculator ASAP

Tax Reform Tax Tip 2018-154, October 3, 2018

New credit benefits employers who provide paid family and medical leave

Tax Reform Tax Tip 2018-149, September 25, 2018

Retirees with pension income should do a Paycheck Checkup ASAP

Tax Reform Tax Tip 2018-143, September 13, 2018

Taxpayers should find out if they need to make estimated or additional tax payments

Tax Reform Tax Tip 2018-142, September 12, 2018

Employees with other sources of income should do a Paycheck Checkup

Tax Reform Tax Tip 2018-141, September 11, 2018

Here’s how and when to pay estimated taxes

Tax Reform Tax Tip 2018-140, September 10, 2018

Tax reform affects ABLE accounts, Saver’s Credit, 529 rollovers

Tax Reform Tax Tip 2018-136, August 30, 2018

IRS launches new easy-to-use web pages to help all taxpayers understand Tax Reform

Tax Reform Tax Tip 2018-132, August 23, 2018

Here’s what taxpayers do when they have to file a new W-4

Tax Reform Tax Tip 2018-128, August 17, 2018

Taxpayers with children, other dependents should check withholding ASAP

Tax Reform Tax Tip 2018-127, August 16, 2018

Taxpayers who support dependents should check their withholding now

Tax Reform Tax Tip 2018-126, August 15, 2018

IRS urges taxpayers with high income, complex returns to check withholding

Tax Reform Tax Tip 2018-125, August 14, 2018

IRS tells taxpayers who got a big refund to do a “Paycheck Checkup”

Tax Reform Tax Tip 2018-124, August 13, 2018

Taxpayers now have more time to challenge a levy

Tax Reform Tax Tip 2018-123, August 9, 2018

Business owners can visit IRS.gov for resources to help understand Tax Reform

IRS Tax Reform Tax Tip 2018-119, August 2, 2018

Resources on IRS.gov help all taxpayers understand Tax Reform

Tax Reform Tax Tip 2018-115, July 26, 2018

Taxpayers who owed tax this year should check their withholding soon

Tax Reform Tax Tip 2018-103, July 5, 2018

How the Employer Credit for Family and Medical Leave benefits employers

Tax Reform Tax Tip 2018-69, May 4, 2018

Tax Reform: changes to depreciation affect businesses now

Tax Reform Tax Tip 2018-68, May 3, 2018

Tips for getting unclaimed 2014 tax refunds

Tax Reform Tax Tip 2018-53, April 5, 2018

Taxpayers can visit IRS.gov for resources to help understand Tax Reform

Tax Reform Tax Tip 2018-49, March 30, 2018

Tips for updating Form W-4 after doing a Paycheck Checkup

Tax Reform Tax Tip 2018-48, March 29, 2018

Step-by-step instructions for using the IRS Withholding Calculator

Tax Reform Tax Tip 2018-47, March 28, 2018

Tips for using the Withholding Calculator

Tax Reform Tax Tip 2018-46, March 27, 2018

Updated Withholding Calculator reflects changes in new tax law

Tax Reform Tax Tip 2018-45, March 26, 2018