Tag: 2018 tax season

Posts Tagged ‘2018 tax season’

Tax Reform: Tax Tips for Lowering Rates for 2018 Taxes!

Posted by Manisha Hansraj on March 2, 2018
Last modified: March 2, 2018

tax reform
Be ready for the new tax reform.

Get your to do list out and take some action to reduce your 2018 taxes now! Although taxpayers might be hurriedly finishing their 2017 tax returns before the e-file deadline, some tax deductions will not be there for the next tax season due to the Tax Cuts and Jobs Act. (TCJA) Ultimately, the design of the new tax reform is to lower taxes for individuals of all income groups until 2025. Bear in mind that along with that idea, many individuals who itemize their deductions are worried about the tax turmoil they’ll face when filing with each capped or eliminated deduction.

Did you know that can take steps in 2018 to decrease your taxes for next tax season? Here’s a few tax tips for you.

Rack up your medical receipts.

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The 2018 Tax Season Starts Soon: File your 2017 Taxes!

Posted by Manisha Hansraj on December 22, 2017
Last modified: January 24, 2018


It’s time for your taxes.

The 2018 tax season is on its way! The IRS just announced the dates that you need to remember. Don’t forget to keep track of time since January 29th marks the start of tax season 2018. Here’s how to get started with your 2017 tax return.

2018 Tax Season Calendar

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Tax Cuts and Jobs Act and How the Tax Plan May Affect You

Posted by Manisha Hansraj on December 11, 2017
Last modified: January 12, 2018

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New year, new taxes.

President Trump said that he wanted the new tax plan on his desk by Christmas. Nonetheless, the Tax Cuts and Jobs Act went through the Senate, House and flew by Congress. Ultimately, the Tax Cuts and Jobs Act tax plan has a goal to reduce the tax rates for individuals and businesses, which will ultimately affect how much you end up receiving your refund and paying in your tax liability. Most changes will expire in 2025 whereas some will remain permanent.

With the media raving about how taxpayers’ pockets will be affected, here are the changes that the new tax plan will lead to starting January 1st, 2019.

What was eliminated in the new tax plan?

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