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Here Are the Steps You Can Take Now To Get Ready to File Your 2018 Taxes in 2019

Alan Borsen, CPA

November 13, 2018

Check withholding

Since employees typically only have a few pay dates left this year, checking withholding soon is especially important. Because of the many changes in the tax law, refunds may be different than prior years for some taxpayers. Some may even owe an unexpected tax bill when they file their 2018 tax return next year. To avoid these kinds of surprises, taxpayers should do a paycheck checkup to help them decide if they need to adjust their withholding or make estimated or more tax payments now.

Verify Information

Taxpayers should confirm that each employer, bank or other payer has a current mailing address or email address. Typically, these forms start arriving by mail – or are available online – in January. Check them over carefully, and if any of the information shown is inaccurate, the taxpayer should contact the payer right away for a correction.

   

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