Friedman's Tax Practice Leader, Bob Charron, was quoted by NBC News in an article on how tax returns have been affected under the Tax Cuts and Jobs Act ("TCJA"). The article discusses how many people have been caught off guard when filing their taxes this year, expecting a larger return but seeing the opposite with some even owing the IRS money. "People have fewer withholdings in most cases than they did last year, and they don't realize it," Bob tells NBC. While most people will have received a slight bump in what they took home from each paycheck throughout the year, that is going unnoticed when taxpayers receive a smaller return than they were expecting.
To read the full NBC News article, click here.