The Tax Cuts and Jobs Act changed the way tax is calculated.

The IRS encourages everyone to perform a “paycheck checkup”, using the Tax Withholding Estimator, to see if you have the right amount of tax withheld for your personal situation.

If you don’t pay your taxes through withholding or don’t pay enough tax that way, you may have to pay estimated tax. People who are self-employed generally pay their tax this way.

What are your tax responsibilities when renting your vacation home?

Determine if you're able to deduct amounts you paid for mortgage interest, points, mortgage insurance premiums, and other mortgage-related expenses.