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The U.S. tax code is constantly evolving. This means that each new year brings a slew of changes that taxpayers need to remember when filing their taxes. Beware these 5 important tax changes for 2017
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.
Tax Day; Observed by: United States: Type: National: Significance: Due date for federal individual income tax returns: Date: April 15 (Monday through Thursday) April 17 (Tuesday; April 15 is Sunday, and Monday is a holiday) April 18 (Monday; April 15 is Friday, and Friday is a holiday) April 18 (Tuesday; April 15 is Saturday, and Monday is a ...
The annual deadline to file one's Federal individual income tax return is April 15. The IRS lists scenarios for which Tax Day does not follow this standard deadline - Taxpayers can file an extension where the taxes owed must be paid by April 15 but the completed tax return filed by October 15. [9]
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
Washington is set for a rollicking tax fight in the coming year, with observers of all stripes expecting a historic deal to extend Donald Trump's 2017 tax cuts at some point.