IRS launches new easy-to-use web pages to help all taxpayers understand tax reform

In a recent update from IRS, there is an announcement about a new website to help taxpayers to understand the tax reforms and this release itself is tagged as IRS Tax Reform Tax Tip…

IRS Tax Reform Tax Tip 2018-132, Dated, August 23, 2018

With an updated tax reform section and frequent updates, the IRS website should be the first stop for taxpayers looking for information about how tax reform legislation – the Tax Cuts and Jobs Act – affects their taxes. Here are some facts about these new easy-to-read, easy-to-use pages and what taxpayers can find on them:

  • The IRS.gov/taxreform page features three sections — one for each type of taxpayer:
  • The Individuals page shares information about:
    • Withholding – How the IRS Withholding Calculator can help taxpayers perform a “Paycheck Checkup.”
    • Credits – Changes to the child tax credit, additional child tax credit, and information about the new credit for other dependents.
    • Deductions – The law changed standard and itemized deductions.
    • U.S. Armed Forces members – Tax reform updates about combat zone benefits and moving expenses.
  • The Businesses page is for businesses of any size. It includes links to these topics:
    • Income – including gains and losses
    • Deductions and depreciation
    • Credits
    • International
    • Taxes
  • The Tax Exempt and Government Entities page highlights how the law affects retirement plans, charities and governments.
  • From the left side of IRS.gov/taxreform, users can also find direct links to:
    • News – Quick access to tax reform news releases and fact sheets.
    • Guidance – Revenue procedures and rulings, regulations and notices.
    • Forms and Instructions – Users can search for the latest version of documents they need.
    • Resources – Products and tools that employers and other organizations can use to help educate taxpayers about tax reform. Products include FAQs, drop-in articles, videos, publications and tax reform tax tips.

Users can get to the tax reform section of the IRS web page by:

  • Clicking the tax reform link from the IRS.gov or Newsroom.
  • Entering IRS.gov/taxreform in their Web browser address bar.
  • Searching tax reform from any IRS web page.
  • Tax Professionals can find a Tax Reform link in the Tax Pros area on IRS.gov.

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