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2018 Tax Season Open and IRS Tax Refunds Being Processed (or Not)

The IRS has officially announced that the 2018 Tax season is now open. This is in line with our earlier…

Andys2i

$1300 to $2600 Additional Standard Deduction for Seniors Over 65 under GOP/Trump Tax Reform

As part of the GOP tax reform bill to support President Trump’s tax reform agenda there has a near doubling of the…

Andys2i

Obamacare Penalty or ACA Individual Mandate Repealed and Scrapped from 2019 – But Still Applies in 2017 and 2018

While Congressional Republicans were unable to muster the required majorities to pass several versions of House and Senate health care…

Andys2i

$500 Non-Child Dependent or Flexible Credit in Trump/GOP Tax Reform Bill

The now passed GOP/Trump tax bill contains a little known but important $500 credit for non-child dependents - e.g elderly or disabled…

Andys2i

Losing the $4,050 Personal Exemption in 2018 But Doubling The Standard Deduction

As part of the GOP tax reform bill to support President Trump’s tax reform agenda the Personal exemption is being fully eliminated in…

Andys2i

Most Americans Will be Getting a Tax Cut and Larger Take Home Paychecks in 2018

The latest GOP tax reform bill will affect most Americans when it comes to their 2018 taxes (filed in 2019).…

Andys2i

2018 State and Local Property Taxes (SALT) $10,000 Deduction Cap and Prepaying in 2017

Under the new Trump/GOP tax reform bill for 2018 the deduction for Sate and Local taxes (SALT) related to property…

Andys2i

Final House and Senate GOP Tax Reform Bill For Trump Tax Changes in 2018 and 2019

House and Senate Republican (GOP) lawmakers have passed a reconciled/final bill for President Trumps Tax Reform measures under the Tax…

Andy (Author)

2018 Tax Rate and Tax Brackets – Trump, House, Senate GOP vs IRS Tax Tables

Given all the tax reforms being proposed under the Trump administration, many Americans are understandably wondering if they will be…

Andy (Author)

IRS Tax Changes for 2018

The IRS has released its 2018 tax updates via Notice 2017-64 and revenue procedure 2017-58. Highlights are provided below. Remember these updates are…

Andy (Author)