The IRS, in partnership with the American Payroll Association (APA), worked on Publication 5330 titled The New Tax Cut Law Will Impact Your 2018 Tax Return. The notice, released December 19, 2018, was designed to help employers and payroll professionals guide their employees who have questions surrounding this new law during the tax filing season.
The publication can be distributed to employees and provides a quick explanation of when and why withholding changes occurred that will affect an employee’s tax bill or tax refund. Most importantly, the IRS reminds employees that these changes come from the new tax law, not their payroll or human resources office. Employees are directed to the IRS.gov website or a tax professional for tax information and are encouraged to check their paycheck withholdings every year with tools like the IRS withholding calculator.
View and download the official publication HERE!
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