2018 – 2019 Tax Season Open and IRS Tax Refunds Being Processed (or Not)


The 2018-19 Tax season is now officially open in line with our earlier published schedule of key tax filing dates. Monday April 15, 2019 is the tax deadline for this season. The schedule below shows an estimated 2018-2019 refund schedule chart for the upcoming tax year that should help answer this. The IRS expects more than 70% […]

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$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 standard deductions that can be taken in 2018 and beyond. The offsets the elimination of the $4,050 personal exemption in 2018 (until 2025, unless extended by Congress then). The standard deduction from 2018 will be $12,000 for singles […]

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Losing the $4,050 Personal Exemption 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 2018. This will be reflected when you file your taxes in 2019.  The $4,050 personal exemption in 2018 (which was unchanged from 2017) can be taken for yourself, your spouse, and your eligible dependents, will […]

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2018 401k and 403b Plan Contribution Limits Could Drop Precipitously Under Trump-Republican Tax Reform


401K and 403b limits have held steady or moderately increased over the last few years with more and more Americans using these tax advantaged employer sponsored vehicles to save for their retirement income. However this bastion of American retirement savings is under attack from Trump and GOP tax reform proposals. Basically to fund proposed tax […]

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I Like Donald Trump But Will Drop Him Like a Hot Potato if He Raises My Taxes


The title of this article is from a reader (Barry P.) who had this comment on Trump’s proposed tax reforms: I live in Massachusetts and make $61,000.00 annually. I own a home and pay mortgage interest of around $12,000 dollars. My state income taxes and property taxes amount to another $8,000. So my itemized deduction […]

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IRS Agents Getting Slammed and 2018 Tax Return Call Delays Likely to Continue in 2019


Many American taxpayers are again asking this year why it is so hard for them to call in and get through to a real IRS agent. The answer is simply these agents that provide telephone assistance to taxpayers have too much on and there aren’t enough agents to do the work or handle the ever increasing […]

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Contact a Tax Advocate to Help Get Your Refund Released From The IRS


Lisa had the following challenge with getting her refund released, what is she to do? 1/21 filed 1/23 accepted 1/25 1 bar WMR, tax topic 152, no codes, no messages of a letter 2/2 4464c letter sent out, do nothing wait 60 days, I received on 2/8 2/7 we’ve received your return and it’s still […]

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When Will My 2017 Tax Refund be Released and Deposited into My Bank Account

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The IRS has now started processing and releasing the majority of tax refund payments following delays due to the PATH act.  On various articles published on this site it has been good to see a lot of commentary from people now seeing their tax refunds being directly deposited to their bank accounts. In a lot of […]

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Answers to The Top 7 Most Searched for Tax Questions


This time of year taxes are on the forefront of most Americans personal finances. When can I file, how do I file, how much will I get back and why is the IRS taking so long to pay me my refund are just examples of the most googled tax questions and comments I see. Over the years […]

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What Should I Do With My Tax Refund and How Do People Invest and Spend Their Refunds


So you are lucky enough to get a tax refund. Congratulations. But before you think of this as an end-of-year bonus or money you can fritter away, realize it is actually just the money you already earned for the most part. Sure some of the refund may be due to a tax credit or other […]

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