The deadline to file your taxes is fast approaching, but the Internal Revenue Service is already looking forward to next year’s filing season.
This week the IRS launched a new campaign encouraging taxpayers to check their 2018 employer withholdings.
Tax season is winding down with only weeks left until the April 17th filing deadline. Parking lots of tax preparers are empty right now, but that’s expected to change in the next two weeks. Gone are the days of long lines at tax offices or even the post office as the clock strikes midnight. Electronic filing is simply more efficient.
Jackson Hewett area manager Fred Tarkington says most people are filling electronically
Much of the tax preparation focus is already shifting to the Tax Cuts and Jobs Act. That’s the wording for the tax reform plan that was being discussed by Congress last fall.
This week the Internal Revenue Service began encouraging employees to have their employers make sure that the correct amount of taxes are being withheld from their paychecks
The IRS is urging taxpayers to visit the withholding calculator on their website at irs.gov.
While this year’s tax season is quiet, its expected there will be confusion next January. That’s when the standard deduction for a single person will go from $6,000 to $12,000.
It also means that many of the exemptions of years past will be gone.