The federal government says about 30 million people are not withholding enough taxes to cover their new liabilities under the Tax Cuts and Jobs Act, and over 2 in 10 taxpayers will owe money to the IRS next year.
Are you one of them?
Darla Mercado at CNBC news explains how you can find out and what to do about it if you are.
You also may want to see if you’re withholding too much; nearly three-quarters of American taxpayers are, according to the General Accounting Office.
