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We now know next year's tax brackets, standard deductions and retirement contribution limits after the IRS recently released a number of tax changes. 5 key IRS tax changes for 2018 -- and why they ...
Form 1040-X (officially, the "Amended U.S. Individual Tax Return") is used to make corrections on Form 1040, Form 1040A, and Form 1040EZ tax returns that have been previously filed (note: forms 1040-A and 1040-EZ were discontinued starting with tax year 2018, but a 1040X may still be filed amending one of these tax forms filed for previous years).
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.
The tax changes for 2017 pertain to the tax preparation you'll do in 2018 for calendar year 2017, so don't confuse the two. 1. Tax brackets will be adjusted for inflation
The Tax Cuts and Jobs Act was enacted in December 2017, which changed the tax rates for the 2018 tax year. With the exception of annual inflationary adjustments, the federal bracket system remains ...
Marginal tax rates and income brackets for 2017 Marginal tax ... less than $100,000 must use IRS provided tax tables. Under that table for 2016, the income tax in the ...
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