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Our daily roundup of retirement news your clients may be thinking about.
IRS to retirees: Check your pension and Social Security withholdings ASAP!
Amid the major changes to the tax code, the IRS has issued warnings to taxpayers (most recently to retirees) to ensure that they have enough taxes withheld during the year and avoid being penalized, according to this article from the Washington Post. An IRS spokesman said that the following people should make sure to check their withholding taxes: people who get a pension, Social Security beneficiaries, people who used to itemize tax deductions but will now use...