Tax reform legislation passed in December 2017 affects almost every
taxpayer. The IRS is working closely with partners in the tax return
preparation and tax software industries to prepare for tax reform
affecting tax year 2018. This ongoing collaboration ensures that
taxpayers can continue to rely on the IRS, tax professionals and tax
software programs when it’s time to file their returns.
As people prepare to file their 2018 tax returns in 2019, they can
visit IRS.gov for answers to their questions about tax reform. Here are
several of the resources that will help taxpayers find out how this law
affects them:
Tax reform provisions that affect individuals
This
is the main tax reform page with information for individual taxpayers.
It includes dozens of links to more information on topics from
withholding and tax credits to deductions and savings plans.
Tax Reform Basics for Individuals and Families
This
publication provides information to help individual taxpayers
understand the Tax Cuts and Jobs Act and how to comply with federal tax
return filing requirements.
Tax reform resources
On
this page, taxpayers can find helpful products including news releases,
tax reform tax tips, revenue procedures, fact sheets, FAQs and drop-in
articles.
Steps to Take Now to Get a Jump on Next Year’s Taxes
This page has dozens of resources and tools that people can visit now or any time before they file their 2018 tax returns.
Paycheck Checkup
This
page has information for people doing a Paycheck Checkup to see if
they’re withholding the right amount of tax from their paychecks.
Taxpayers can perform a Paycheck Checkup at the beginning of 2019 to
make sure their withholding is correct for the rest of the year.
IRS Withholding Calculator
One
way in which taxpayers can do a Paycheck Checkup is to use the
Withholding Calculator. Checking withholding can help taxpayers protect
against having too little tax withheld and facing an unexpected tax bill
or penalty at tax time.
Taxpayer Advocate
The Taxpayer Advocate Service’s Tax Reform Changes website, available in English and Spanish,
explains what is changing and what is not this year for individuals.
Its interactive information can be reviewed by tax topic or line by line
using a Form 1040 example and is updated to show the new 2018 Form 1040
references.
Tax reform
The
main tax reform webpage on IRS.gov features information for
individuals, but also takes users directly to info for people who are
self-employed. It is also a great resource for anyone who does taxes or
accounting for a business or charity.
Share this tip on social media — #IRSTaxTip: Individuals can find answers to their questions about tax reform on IRS.gov. https://go.usa.gov/xE35V.