Tax Reform Resources

Paycheck Checkup

News Releases:

• IR-2018-220, Nov. 14, 2018 - Get Ready for Taxes: For many, time is running out to avoid a tax-time surprise; Check withholding, make estimated payments now
• IR-2018-180, Sept. 7, 2018 - Retirees: Avoid a surprise tax bill; get enough tax taken out of pension payments; IRS Withholding Calculator can help
• IR-2018-179, Sept. 6, 2018 - Avoid penalty for underpayment of taxes; IRS says check withholding, make estimated payments
• IR-2018-168, Aug. 17, 2018 - For people involved in the sharing economy: Do a ‘Paycheck Checkup’ now, avoid a surprise year-end tax bill
• IR-2018-167, Aug. 16, 2018 - Taxpayers with children, other dependents should check their withholding soon
• IR-2018-166, Aug. 15, 2018 - Key tax change affects taxpayers with dependents; IRS urges workers to check withholding
• IR-2018-165, Aug. 14, 2018 - Taxpayers with high incomes, complex returns: Check withholding soon
• IR-2018-163, Aug. 13, 2018 - Got a big tax refund? Use IRS Withholding Calculator to boost take-home pay in 2018
• IR-2018-145, June 28, 2018 - Tax bill this year? Check withholding soon, avoid another one next year
• IR-2018-124, May 24, 2018  - Two-income families, taxpayers working multiple jobs should check withholding amount
• IR-2018-120, May 16, 2018 - Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises
• IR-2018-118, May 9, 2018 - Seasonal, Part-year Workers Urged to Check Tax Withholding Amount
• IR-2018-93, April 13, 2018 - Newly-revised estimated tax form and publication can help people pay the right amount
• IR-2018-80, April 2, 2018 - IRS urges ‘Paycheck Checkup’ for key groups; tax withholding may need adjustment
• IR-2018-73, March 26, 2018 - IRS encourages ‘Paycheck Checkup’ for taxpayers to check their withholding; special week focuses on changes
• IR-2018-36, Feb. 28, 2018 - Updated Withholding Calculator, Form W-4 Released; Calculator Helps Taxpayers Review Withholding Following New Tax Law
• IR-2018-05, Jan. 11, 2018 - Updated 2018 Withholding Tables Now Available; Taxpayers Could See Paycheck Changes by February

Tax Tips:

• Tax Tip 2018-164, October 23, 2018 - Taxpayers can follow these steps for Using the Withholding Calculator on IRS.gov
• Tax Tip 2018-154, October 3, 2018 - Taxpayers who haven’t checked their withholding should use the Withholding Calculator ASAP
• Tax Tip 2018-143, September 13, 2018 - Retirees with pension income should do a Paycheck Checkup ASAP
• Tax Tip 2018-142, September 12, 2018 - Taxpayers should find out if they need to make estimated or additional tax payments
• Tax Tip 2018-141, September 11, 2018 - Employees with other sources of income should do a Paycheck Checkup
• Tax Tip 2018-140, September 10, 2018 - Here’s how and when to pay estimated taxes
• Tax Tip 2018-128, August 17, 2018 - Here’s what taxpayers do when they have to file a new W-4​​
• Tax Tip 2018-127, August 16, 2018 - Taxpayers with children, other dependents should check withholding ASAP
• Tax Tip 2018-126, August 15, 2018 - Taxpayers who support dependents should check their withholding now
• Tax Tip 2018-125, August 14, 2018 - IRS urges taxpayers with high income, complex returns to check withholding
• Tax Tip 2018-124, August 13, 2018 - IRS tells taxpayers who got a big refund to do a “paycheck checkup”
• Tax Tip 2018-103, July 5, 2018 - Taxpayers who owed tax this year should check their withholding soon
• Tax Tip 2018-48, March 29, 2018 - Tips for Updating Form W-4 After Doing a Paycheck Checkup​​​​​
• Tax Tip 2018-47, March 28, 2018 - Step-by-Step Instructions for Using the IRS Withholding Calculator
• Tax Tip 2018-46, March 27, 2018 - Tips for Using the Withholding Calculator
• Tax Tip 2018-45, March 26, 2018 - Updated Withholding Calculator Reflects Changes in New Tax Law

Frequently Asked Questions:

• Estimated Taxes for Individuals Frequently Asked Questions
• Withholding Calculator Frequently Asked Questions
• IRS Withholding Tables Frequently Asked Questions

Fact Sheets:

• FS-2018-15, August 2018 - Tax facts for seasonal job seekers

Publications:

• Publication 5307, Tax Reform: Basics for Individuals and Families
• Publication 505, Tax Withholding and Estimated Tax
• Paycheck Checkup (Publication 5303) English | Spanish

Statements:

• Sept. 20, 2018 - IRS Statement on Form W-4
• Dec. 13, 2017 -  Here are the latest developments involving withholding information related to the Tax Cuts and Jobs Act

Drop-in Articles:

• An estimated tax payment in 2018 could help avoid a penalty in 2019
• Retirees with pension income: Do a Paycheck Checkup
• Got a big tax refund? Use IRS Withholding Calculator to boost take-home pay
• Have children and other dependents? Check your withholding
• Time for a Paycheck Checkup if you have dependents
• Do you have high income or a complex tax return? Do a Paycheck Checkup soon
• Paycheck Checkup for Taxpayers Who Itemize
• Paycheck Checkup for Seasonal and Part-year Workers
• Time for a Paycheck Checkup
• Wondering how much tax to withhold?
• Claiming Exemption from Withholding (for use by employers communicating to their employees,  another for other partners and stakeholders)
• Claiming Exemption from Withholding (for use by partners and stakeholders)
• Law Changes for 2018 Affect Withholding
• Use the IRS Withholding Calculator to Determine the Right Amount of Withholding for You

Videos:

• IRS Withholding Calculator How To: English
• Paycheck Checkup: English | Spanish | ASL 
• IRS Withholding Calculator Tips: English | Spanish | ASL
• Do I Need to Fill Out a New W-4? : English | Spanish | ASL

Tax Reform Small Business Initiative

News Releases:

• IR-2018-251, December 14, 2018 - IRS issues standard mileage rates for 2019
• IR-2018-247, December 10, 2018 - IRS issues guidance for determining nondeductible amount of parking fringe expenses and unrelated business taxable income; provides penalty relief to tax-exempt organizations
• IR-2018-227, November 19, 2018 - Like-kind exchanges now limited to real property
• IR-2018-223, November 15, 2018 - New tax law allows small businesses to expense more, expands bonus depreciation
• IR-2018-205, October 18, 2018 - Reduced 24-percent withholding rate applies to small businesses and other payers; Revised backup withholding publication features helpful FAQs
• IR-2018-203, October 16, 2018 - IRS: Several tax law changes may affect bottom line of many business owners
• IR-2018-197, Oct. 9, 2018 - IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes
• IR-2018-196, Oct. 4, 2018 - For many business taxpayers, time is running out to elect out of new 100-percent depreciation deduction for 2017
• IR-2018-195, Oct. 3, 2018 - IRS issues guidance on Tax Cuts and Jobs Act changes on business expense deductions for meals, entertainment
• IR-2018-191, Sept. 24, 2018 - New employer tax credit for paid family and medical leave available for 2018 and 2019
• IR-2018-190, Sept. 21, 2018 - IRS: 2018 employer reimbursements for employees’ 2017 moves are generally tax-free
• IR-2018-184, Sept. 11, 2018 - IRS reminder: Third estimated tax payment due Sept. 17; Tools are available to help people pay right amount following law changes
• IR-2018-182, Sept 10, 2018 - Tax reform changes affecting small business and self-employed taxpayers; third quarter estimated tax payment deadline is Sept. 17
• IR-2018-162, Aug. 8, 2018 - IRS issues proposed regulations on new 20 percent deduction for passthrough businesses
• IR-2018-160, Aug. 3, 2018 - IRS issues guidance on small business accounting method changes under Tax Cuts and Jobs Act
• IR-2018-159, Aug. 3, 2018 - Treasury, IRS issue proposed regulations on new 100 percent depreciation

Tax Tips:

• Tax Reform Tax Tip 2018-197, December 20, 2018 - New IRS resources on IRS.gov help businesses understand tax reform

• Tax Reform Tax Tip 2018-194, December 17, 2018 - Businesses can visit IRS.gov to find out how tax reform affects their bottom line

• Tax Reform Tax Tip 2018-192, December 12, 2018 - Tax reform brings changes to qualified moving expenses

• Tax Reform Tax Tip 2018-191, December 11, 2018 - Tax reform creates opportunity zone tax incentive

• Tax Reform Tax Tip 2018-190, December 10, 2018 - Tax reform law makes changes to employee achievement award rules

• Tax Reform Tax Tip 2018-183, November 28, 2018 - New tax credit benefits employers who provide paid family and medical leave

• Tax Reform Tax Tip 2018-179, November 30, 2018 - Some S corporations may want to convert to C corporations

• Tax Reform Tax Tip 2018-177, November 15, 2018 - Tax Reform changes depreciation limits on luxury automobiles

• Tax Reform Tax Tip 2018-173, November 7, 2018 - After tax reform, many corporations will pay blended tax rate

• Tax Reform Tax Tip 2018-172, November 6, 2018 - Here’s how tax reform changed accounting methods for small businesses

• Tax Tip 2018-170, November 1, 2018 - Tax reform changes to depreciation deduction affect farmers’ bottom line

• Tax Tip 2018-169, October 31, 2018 - Here’s how tax reform affects farmers and ranchers

• Tax Tip 2018-168, October 30, 2018 - Newly revised publication helps taxpayers understand changes to backup withholding

• Tax Tip 2018-166, October 25, 2018 - Business owners can claim a qualified business income deduction

• Tax Tip 2018-163, October 22, 2018 - Webinars help employers, businesses and tax preparers understand tax reform law

• Tax Tip 2018-162, October 18, 2018 - Tax reform brings changes to fringe benefits that can affect an employer’s bottom line

• Tax Tip 2018-158, October 11, 2018 - IRS resources can help small businesses better understand how tax reform affects their bottom line

• Tax Tip 2018-157, October 10, 2018 - New 100-percent depreciation deduction benefits business taxpayers

• Tax Tip 2018-149, September 25, 2018 - New credit benefits employers who provide paid family and medical leave

• Tax Tip 2018-119, August 2, 2018 - Business owners can visit IRS.gov for resources to help understand tax reform

• Tax Tip 2018-69, May 4, 2018 - How the Employer Credit for Family and Medical Leave Benefits Employers

• Tax Tip 2018-68, May 3, 2018 - Tax Reform: Changes to Depreciation Affect Businesses Now

Frequently Asked Questions:

• Additional First Year Depreciation Deduction (Bonus) Frequently Asked Questions
• Tax Cuts and Jobs Act, Provision 11011, Section 199A - Qualified Business Income Deduction Frequently Asked Questions
• Frequently Asked Questions about Employer Credit for Paid Family and Medical Leave

Fact Sheets:

• FS-2018-19, December 2018 - What’s new for farmers in 2018?
• FS-2018-17, October 2018 - The Highlights of Tax Reform for Businesses
• FS-2018-9, April 2018 - New rules and limitations for depreciation and expensing under the Tax Cuts and Jobs Act

Publications:

Publication 15, Circular E, Employer’s Tax Guide

Drop-in Articles:

• Tax Reform changes the rules about Net Operating Losses
• Tax Reform changes excess business loss limits
• New credit benefits employers providing paid family and medical leave
• Tax reform changes accounting method rules for businesses
• Tax reform affects employee achievement awards
• Tax reform changes qualified moving expense reimbursements
• Tax law creates new opportunity zone program
• Tax Reform limits like-kind exchanges 
• S-corporations may want to convert to C-corporations
• New tax law offers 100-percent, first-year ‘bonus’ depreciation
• New tax law changes business expensing
• Changes to depreciation limits on luxury automobiles
• How tax reform affects farmers and ranchers
• Tax reform changes to depreciation deduction affect farmers
• IRS resources help small businesses understand tax reform
• New 100-percent depreciation deduction for businesses
• Taxpayers may be eligible for a qualified business income deduction
• New tax law changes backup withholding rate
• Tax law changes affect fringe benefit deductions and your taxes

Videos:

• Paid Family and Medical Leave Employer Credit

Webpages:

• Employer Update

Tax Cuts and Jobs Act: A comparison for businesses

The Tax Cuts and Jobs Act changed deductions, depreciation, expensing, tax credits and other tax items that affect businesses. This side-by-side comparison can help businesses understand the changes and plan accordingly.

News Releases:

• IR-2018-156, July 30, 2018 - IRS offers guidance on recent 529 education savings plan changes
• IR-2018-139, June 15, 2018 - Tax reform allows people with disabilities to put more money into ABLE accounts, expands eligibility for Saver’s Credit
• IR-2018-107, April 26, 2018 - IRS grants relief for taxpayers affected by reduction of maximum deductible Health Savings Account contributions

Tax Tips:

• Tax Tip 2018-136, August 30, 2018 - Tax reform affects ABLE accounts, saver’s credit, 529 rollovers

Frequently Asked Questions:

• IRA FAQS — Recharacterization of IRA Contributions

Publications:

• Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs)
• Publication 970, Tax Benefits for Education

Drop-in Articles:

• People with disabilities can contribute more to ABLE accounts, and qualify for Saver’s Credit 

News Releases:

• IR-2018-210, Oct. 31, 2018 - IRS issues proposed regulations reducing potential income inclusions for certain domestic corporations that own stock in foreign corporations
• IR-2018-186, Sept. 13, 2018  - IRS issues proposed regulations on global intangible low-taxed income for U.S. shareholders
• IR-2018-158, August 1, 2018  - IRS and Treasury issue proposed regulations implementing Section 965
• IR-2018-131, June 4, 2018  - IRS offers penalty, filing relief to many subject to new transition tax on foreign earnings
• IR-2018-81, April 2, 2018 - IRS Issues Guidance on Withholding on the Transfer of Partnership Interests by Foreign Persons
• IR-2018-79, April 2, 2018 - IRS Issues Additional Guidance on Transition Tax on Foreign Earnings
• IR-2018-53, March 13, 2018 - IRS provides additional details on section 965, transition tax; Deadlines approach for some 2017 filers
• IR-2018-25, Feb. 13, 2018 - IRS Issues Guidance on Changes in Accounting Periods Related to the Transition Tax
• IR-2018-09, Jan. 19, 2018 - IRS Issues Additional Guidance on Transition Tax on Foreign Earnings
• IR-2017-212, Dec. 29, 2017 - IRS Issues Guidance on Transition Tax on Foreign Earnings 

Notices:

• Notice 2019-01, Previously Taxed Earnings and Profits Accounts

Frequently Asked Questions:

• Questions and Answers about Tax Year 2018 Reporting and Payments Arising under Section 965
• Questions and Answers about Reporting Related to Section 965 on 2017 Tax Returns

Publications:

• Publication 5292, How to Calculate Section 965 Amounts and Elections Available to Taxpayers

News Releases:

• IR-2018-222, November 15, 2018 - IRS provides tax inflation adjustments for tax year 2019
• IR-2018-220, Nov. 14, 2018 - Get Ready for Taxes: For many, time is running out to avoid a tax-time surprise; Check withholding, make estimated payments now
• IR-2018- 217, Nov. 7, 2018 - Get Ready for Taxes: Here’s how the new tax law revised family tax credits
• IR-2018-172, Aug. 23, 2018  - Treasury, IRS issue proposed regulations on charitable contributions and state and local tax credits
• IR-2018-138, June 14, 2018 - IRS reminder: Second estimated tax payment due June 15; form, publication can help people pay the right amount following law changes
• IR-2018-137, June 14, 2018 - More than 2 million ITINs to expire this year; Renew soon to avoid refund delays
• IR-2018-127, May 25, 2018  - Law change affects moving, mileage and travel expenses
• IR-2018-122, May 23, 2018 - IRS issues notice on state and local tax deductions
• IR-2018-32, Feb. 21, 2018 - Interest on Home Equity Loans Often Still Deductible Under New Law
• IR-2018-19, Feb. 6, 2018 - IRS Announces 2018 Pension Plan Limitations Not Affected by Tax Cuts and Jobs Act of 2017

Tax Tips:

• Tax Reform Tax Tip 2018-196, December 19, 2018 - These videos will help taxpayers learn more about how tax reform affects their taxes
• Tax Reform Tax Tip 2018-195, December 18, 2018 - Individuals can find answers to their questions about tax reform on IRS.gov
• Tax Reform Tax Tip 2018-182, November 27, 2018 - What’s new with the child tax credit after tax reform
• Tax Reform Tax Tip 2018-176, November 14, 2018 - Tax reform affects if and how taxpayers itemize their deductions
• Tax Tip 2018-171, November 5, 2018 - New IRS publication helps taxpayers Get Ready for tax reform

Revenue Procedures:

• RP-2018-57, Inflation Adjustments

Frequently Asked Questions:

• State and Local Income Tax Frequently Asked Question

Fact Sheets:

• FS-2018-14, August 2018 - Know the tax facts about renting out residential property

Get Ready:

• Get ready today to file your 2018 federal income tax return

News Releases:

• IR-2018-229, Nov. 20, 2018 - Treasury, IRS: Making large gifts now won’t harm estates after 2025
• 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
• IR-2018-206, October 19, 2018 - Treasury, IRS issue proposed regulations on new Opportunity Zone tax incentive
• IR-2018-178, Sept. 5, 2018 - Clarification for business taxpayers: Payments under state or local tax credit programs may be deductible as business expenses
• IR-2018-134, June 8, 2018 - 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-2018-126, May 25, 2018 - New law gives individuals and businesses more time to challenge a wrongful IRS levy; newly-revised publication can help
• IR-2018-110, May 2, 2018 - IRS highlights sharing economy tax center, other resources during National Small Business Week
• IR-2018-109, May 2, 2018 - For Small Business Week, IRS highlights key business tax topics
• IR-2018-104, April 26, 2018 - 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-2018-99, April 16, 2018 - Many corporations will pay a blended federal income tax this year under the new tax reform law
• IR-2018-95, April 13, 2018 - 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-2018-94, April 13, 2018 - Inflation Adjustments Under Recently Enacted Tax Law
• IR-2018-82, April 2, 2018 - IRS issues guidance on business interest expense limitations
• IR-2018-37, March 1, 2018 - IRS Plans to Issue Regulations Clarifying Limitations on Carried Interest
• IR-2018-16, Jan. 30, 2018 - Tax Issues for Alaska Native American Corporations and Alaska Native Settlement Trusts
• IR-2017-210, Dec. 27, 2017 - IRS Advisory: Prepaid Real Property Taxes May Be Deductible in 2017 if Assessed and Paid in 2017

Tax Tips:

• Tax Tip 2018-161, October 17, 2018 - Tax reform brings changes to real estate rehabilitation tax credit
• Tax Tip 2018-132, August 23, 2018 - IRS launches new easy-to-use web pages to help all taxpayers understand tax reform
• Tax Tip 2018-123, August 9, 2018 - Taxpayers now have more time to challenge a levy
• Tax Tip 2018-115, July 26, 2018 - Resources on IRS.gov help all taxpayers understand tax reform
• Tax Tip 2018-49, March 30, 2018 - Taxpayers can Visit IRS.gov for Resources to Help Understand Tax Reform

Frequently Asked Questions:

• Production Period for Beer, Wine, and Distilled Spirits Frequently Asked Questions
• Opportunity Zones Frequently Asked Questions
• Gift Tax and Estate Tax Frequently Asked Questions

Publications:

• Publication 5307, Tax Reform: Basics for Individuals and Families

Drop-in Articles:

• Taxpayers can get tax info on social media
• Tax law creates new opportunity zone program

Tax Cuts and Jobs Act: A comparison for businesses

The Tax Cuts and Jobs Act changed deductions, depreciation, expensing, tax credits and other tax items that affect businesses. This side-by-side comparison can help businesses understand the changes and plan accordingly.