When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you — besides the much-discussed tax rate cuts and reduced itemized deductions.
TCJA
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The IRS opened the income tax return filing season on January 28.
flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners.
The IRS has released final regulations and additional guidance, just before the first tax season in which taxpayers can claim the deduction.
Some taxpayers could see their taxes go up due to reductions or eliminations of certain tax breaks.
The IRS has announced that it will begin accepting paper and electronic tax returns for the 2018 tax year on January 28.