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IRS Warns More People May Owe Taxes in 2019

1 year 7 months 2 weeks ago Saturday, December 22 2018 Dec 22, 2018 December 22, 2018 9:31 PM December 22, 2018 in News

WESLACO - A tax reform law enacted in 2018 lowered tax rates for most people.

 

The Internal Revenue Service (IRS) sent out a warning that not everyone will pay less.

 

The IRS says the Tax Cuts and Jobs Act nearly doubled the standard deduction, and limited or discontinued others.

 

They recommend you review your 1040 form to make a quarterly estimated payment.

 

Click the video above for the full story.

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