To make matters worse, the IRS is hamstrung by the #TrumpShutdown. There’s limited staff available to take swift action to protect families from unfair fees. https://www.finance.senate.gov/ranking-members-news/ahead-of-upcoming-filing-season-wyden-asks-irs-to-drop-penalties-for-unexpected-tax-bills-due-to-trump-tax-scam- …
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Republicans in Congress rushed a flawed, deficit-exploding corporate handout through Congress & this is the result. Millions of Americans will be forced to pay penalties they didn’t see coming.
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I knew this was coming and was shocked when I adjusted my family's withholding. The SALT marriage penalty is nasty, and aimed squarely at the North East and West coast liberals.
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A lot of people depend on their tax refund to pay big bills. It's going to devastating for people to find out not only is there no refund this year but they owe.
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You should be on CNN, MSNBC telling this story.
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Needs to go on
@maddow
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Thank you!! The entire State of Oregon workforce never received any information about increasing our deductions. Now my CPA tells me my
#taxcut will cost me an extra $2000.#GOPTaxCut - 1 more reply
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Yep...those who itemize (ie: small biz owners) get totally screwed
#GOPTaxScam - 1 more reply
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I am hoping the Treasury Dept adheres to your request as this has far reaching consequences for those that did not know to adjust their withholding.
@stevenmnuchin1 may have to issue the edict to the IRS to make it happenThanks. Twitter will use this info to make your timeline better. UndoUndo
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In CT, Husband who hase been a CPA for 25 years $3,000 this year when we have broken even in the past. Bye Bye new driveway!
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And new granite counter tops. Just when you think you are getting ahead. We get screwed by this corrupt moron. Personally I don’t think we can handle another 2 years of this.
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Tax processing/refunds may be delayed as well
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what penalties?
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The penalty for underpayment of tax. https://www.irs.gov/taxtopics/tc306 Under-withholding can sometimes lead to such a penalty. The IRS has some discretion.
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Thank you.
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I am nervous thinking about filing my tax returns. even though I increased my federal withholdings last year, I may still owe this year due to being in the new tax bracket. it will be the first year owing money to the IRS since working at the age of 16. I am 59!
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So you are on record for a tax cut? How will you "pay for it" Senator?
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