The IRS has updated the income-tax withholding tables for 2018 to reflect changes made by the new tax law such as the increase of the standard deduction, repeal of personal exemptions and changes in tax rates and brackets.
Tax/Business News & Updates
2018 Tax Filing Season Starts January 29th
The Internal Revenue Service (IRS) announced today that the tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The tax deadline will be April 17 this year, so taxpayers will have
Tax News for 2018 Filing Season
The Internal Revenue Service (IRS) has not yet announced the date that it will begin accepting individual tax returns for the 2018 tax filing season for 2017 tax returns. As the IRS does every year, it’s continuing to update its
2018 Tax Reform – Tax Law Changes
On December 22, 2017 the President signed into law H.R. 1 (officially titled ‘An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018’). The legislation was originally
2018 Healthcare.gov Open Enrollment Deadline Dec 15th
On November 1, 2017, open enrollment for the Affordable Care Act began. It is very important that individuals/families who are not covered by healthcare plans by their employers, consider purchasing a plan through HealthCare.gov. You should act fast because the deadline is December 15,
Efile Ends November 18th
Reminder: E-File Closes November 18. Returns will need to be filed on paper. Taxpayers, including those in disaster areas, who want to file a 2016 tax return electronically have a little over a week left. To prepare the e-filing system
October 16, 2017 Tax Filing Deadline
October Extension Deadline Final deadline to file individual tax returns 1040, etc (with extension). The deadline is Oct 15th but since it’s a weekend the due date is October 16th instead.
3rd Quarter Estimated Tax Payment
Your quarterly estimated tax payment is due soon. Third Quarter 2017 taxes due by September 15, 2017. Estimated tax is used to pay income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. If
2nd Quarter Estimated Tax Payment
Your quarterly estimated tax payment is due soon. Second Quarter 2017 taxes due by June 15, 2017. Estimated tax is used to pay income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. If you
Estimated Tax Payment Reminder
Your quarterly estimated tax payment is due soon. First Quarter 2017 taxes due by April 18, 2017. Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends,