30 Million American Taxpayers Will Owe IRS In April

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PHILADELPHIA (CBS) --  Tax day might hurt a little more than usual next year.

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Approximately 30 million Americans will owe the IRS in April, because of "underwithholding."

Essentially, that means employers withheld too little from paychecks anticipating lower income tax under the new tax laws. Employees may be having too little taxes withheld because they might not have updated their own W-4 for 2018.

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That made paychecks bigger but failed to take into account some of the complications with the new law.

Those employees will pay the price next spring.

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• Consumer News