Many Americans may face trouble with taxes because they’ve failed to take into account new withholding rules.
According to CNBC:
The IRS has been warning filers all year to ensure they’re withholding enough tax from their pay in order to avoid a surprise tax bill in 2019.
Turns out, few people seem to be listening.
At least that’s the conclusion from a recent survey by Liberty Tax. The tax preparer polled 1,020 individuals online in September.
About 70 percent of participants haven’t checked their withholding — the income taxes deducted from their paychecks — in the last six months, Liberty Tax found.
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