The U.S. tax system is pay-as-you-go. Taxes must be paid as income is earned or received during the year. Help us teach the nearly 10 million taxpayers that faced an estimated tax penalty last year how they can prevent these penalties.
You can help by informing taxpayers how they can adjust paycheck withholding amounts or make estimated tax payments.
Also remember, the Tax Cuts and Jobs Act, enacted in December 2017, changed the way tax is calculated for most taxpayers, including those with substantial income not subject to withholding.
Ensure your clients, employees and partners are spared tax-related “surprises” in 2019 by passing on these easily sharable YouTube videos, drop-in articles, tax tips and news releases with links to Spanish versions, online tools and lots more information:
- Avoid penalty for underpayment of taxes; IRS says check withholding, make estimated payments
- Taxpayers should find out if they need to make estimated or additional tax payments
- Here’s how and when to pay estimated taxes
- Employees with other sources of income should do a Paycheck Checkup
- Retirees: Avoid a surprise tax bill; get enough tax taken out of pension payments; IRS Withholding Calculator can help
- IRS YouTube videos: “Estimated Tax Payments”
English | Spanish | ASL
- Drop-in articles posted to the Tax Reform Resources page