Tag: tax

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The Tax Cuts and Jobs Act is the most sweeping update to the U.S. tax code in more than 30 years. The reforms will simplify taxpaying for many individual Americans, lower taxes on individuals and businesses, and update the business tax code so that American corporations and the people they employ can be globally competitive…

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The Internal Revenue Service today advised taxpayers about steps they can take now to ensure smooth processing of their 2017 tax return and avoid a delay in getting their refund next year. This is the first in a series of reminders to help taxpayers get ready for the upcoming tax filing season. Gather Documents The…

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WASHINGTON — The Internal Revenue Service today urged taxpayers who have a filing extension through Oct. 16 to check their returns for often-overlooked tax benefits. When they are ready to file, the IRS recommends they file their return electronically using IRS e-file or the Free File system. Both are still available for taxpayers who still need to file their…

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Where You Can Shop Tax-Free for Back-To-School in 2017 If you’re lucky enough to live in a state that offers tax holidays for back-to-school shopping, this is your heads up — the first of those wonderful tax-free weekends begins this Friday, July 21, and your favorite retailers are likely to be wooing you with some of the best back-to-school…

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When it comes to taxes, not much is simple, including knowing the day your individual tax return is due. For the second of three consecutive years, tax day is abandoning its traditional April 15 deadline and landing several days later on your calendar. In 2017, tax day is April 18. Wondering why tax day changes?…

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If you discover an error after filing your return, you may need to amend your return. The IRS may correct mathematical or clerical errors on a return and may accept returns without certain required forms or schedules. In these instances, there’s no need to amend your return. However, do file an amended return if there’s…

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