The United States Internal Revenue Service is warning taxpayers to evaluate their current withholding rates and their proper estimated payments for 2018, or else they may have a nasty surprise when they prepare their 2018 returns and find out they owe a substantial amount of tax and penalties. Why? Congressional auditors say about 30 million people - 21% of US taxpayers - will have withheld too little from their pay checks under government tables keyed to the new tax law.
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Originally published in GGI Insider Newsletter- September 2018 Issue
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