The Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act (TCJA) will ultimately impact taxpayers in the upcoming filing season. In 2018, the tax tables were adjusted to reflect the lower rates. However, not everyone will enjoy lower taxes and this adjustment may negatively impact taxpayers when they file their returns, leaving many with a tax bill to pay in April. If you would like us to review your tax withholdings prior to year-end, please contact Liz as soon as possible.