Because of new laws many home related tax rules have changed and now require you to prove how funds are used to qualify for a deduction. This is catching many taxpayers by surprise. So when your mortgage company reports tax-related
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Three Popular Tax Benefits Retroactively Renewed for 2017; IRS Ready to Accept Returns
The IRS announced on February 22 that its processing systems have been reprogrammed to handle the three benefits most likely to be claimed on returns filed early in the tax season. These benefits have been renewed as part of the Bipartisan Budget Act, enacted on February 9. As a result, you
Dozen of Expired 2017 Tax Extenders Revived with Budget Deal
On 2/9/18, the U.S. government passed a $400 billion budget bill that retroactively renews about 30 tax breaks that expired at the end of 2016, allowing taxpayers to claim them on the 2017 returns they file this year. The IRS
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