Next year’s taxes may cost more unless taxpayers act now

Source: Tara Siegel Bernard, New York Times (Paid Registration)

The overhaul of the tax code—the first in three decades—caused much confusion this tax season, which was only worsened by the monthlong government shutdown. Many taxpayers were upset when they found out that they owed money to the federal government, even if their tax burden was lower.

And if taxpayers don’t adjust their paycheck withholdings, next year could bring an even bigger shock.

Read Full Article: Next year’s taxes may cost more unless taxpayers act now

 

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