Tag: exemption

Filing your 2018 Income Tax Return – Lots of Changes

Filing Your 2018 Income Tax - Patti Spencer

If you haven’t already, it’s time to file your 2018 income tax return, but be prepared, there are lots of changes this tax season. The Tax Cuts and Jobs Act became law on December 22, 2018.  Listed below are the major changes that will affect your individual tax return.  New Forms IRS Forms 1040, 1040A… Read More

One Fiscal Cliff-hanger is Over

They call it the American Taxpayer Relief Act. Funny, that. Overall it produces tax increases – that’s relief? Early January 1, 2013, the Senate, by a vote of 89-8, passed the “American Taxpayer Relief Act”. Late on that same day- after the government had technically gone over the “fiscal cliff” – the House of Representatives,… Read More