The Tax Cuts and Jobs Act, the tax reform legislation passed last December, made major changes to the tax law, including increasing the standard deduction, removing personal exemptions, increasing the Child Tax Credit, limiting or discontinuing certain deductions and...
The IRS has recently launched a new format for individual tax transcripts to protect taxpayer data from unauthorized disclosure and theft. The new format will redact personally identifiable information from the Form 1040 series.? Financial entries will remain visible,...
Earlier this year, the IRS released a draft of the 2018 Schedule A, Itemized Deductions form.? Let’s review the rules for itemizing your deductions for 2018: Medical Expenses For 2018, and only for 2018, medical expenses are deductible to the extent they exceed...
Month Income Taxes Saving and Investing OCTOBER Tax returns on extension due 10/15/18 Find out how to complete your W-4 form correctly using the IRS’ On-line Withholding Calculator Taxpayers on extension must fund retirement accounts by October 15th 5500s...
FROM IRS NEWS ??https://www.irs.gov/newsroom/irs2goapp RS2Go is the official mobile app of the IRS Check your refund status, make a payment, find free tax preparation assistance, sign up for helpful tax tips, and more! IRS2Go is available in both English and Spanish....
A natural disaster can strike at any time. Take time now to: Document valuables ? including by photographing or videotaping the contents of your home. Review and update your emergency plans annually. Visit Ready.gov for help with planning. Create electronic copies of...
