2019 March Newsletter

IRS Waives Penalty for Many Whose Tax Withholding and Estimated Tax Payments Fell Short in 2018

The Internal Revenue Service announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is generally waiving the penalty for any taxpayer who paid at least 85 percent of their total… Continue reading IRS Waives Penalty for Many Whose Tax Withholding and Estimated Tax Payments Fell Short in 2018

2019 March Newsletter

Why is Your Tax Refund Smaller in 2018?

Originally published on http://www.masslive.com By Shira Schoenberg | sschoenberg@repub.com Is your tax refund smaller this year? You’re not alone. As of Feb. 1, the IRS had issued 4.67 million refunds this year, compared to 6.17 million at the same time last year. The average refund was $1,865, down from $2,035. But tax experts say, most… Continue reading Why is Your Tax Refund Smaller in 2018?