The tax changes for 2017 are small and there are only 5 changes that will affect you returns. 1. Standard deductions will increase. Your standard deduction will go up a smidge in 2017. Individual filers and heads of household will receive a standard deduction of...
The new tax reform bill has been passed and it will affect most of the population when filing your 2018 taxes. Reduced tax rates, higher standard deductions, and higher child tax credits for families are just a few of the perks that individual taxpayers will see next...
The IRS strongly encourages people to file their tax returns electronically for faster refunds. The IRS set the Jan. 29 opening date to ensure the security and readiness of key tax processing systems in advance of the opening and to assess the potential impact of tax...
It appears the GOP has settled on a final tax bill. While it ain't over till it's over, we're close enough that an article on the new 2018 federal income tax rates makes sense. Representing a major tax-overhaul, the bill makes significant changes to the federal income...
WASHINGTON — The Internal Revenue Service today announced the tax year 2018 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2017-58 provides details about these annual adjustments....
WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 23, 2017, and reminded taxpayers claiming certain tax credits to expect a longer wait for refunds. The IRS will begin accepting electronic tax returns that...