If you are one of the estimated 150 million taxpayers who filed taxes electronically this year, you may be wondering what’s new for next year. Well, the IRS has just released information about the tax filing deadline for the 2022-2023 tax year, and it has changed a bit! The main change is that the deadline has now shifted from April 15th to October 15th.
What is the Tax Cuts and Jobs Act?
The Tax Cuts and Jobs Act was signed into law by President Trump on December 22, 2017. This act made many changes to the tax code, including reducing the number of tax brackets from seven to three and doubling the standard deduction. The act also eliminated the personal exemption and increased the child tax credit.
All taxpayers who filed a federal income tax return in 2018 will need to file using the new tax bracket information. The IRS is accepting filings for the – Tax Year beginning on January 1, 2019. This means that all taxpayers who filed a return using 2018 Taxable Income information will need to file using 2019 Taxable Income information.
If you have any questions about how to file your return, please contact the IRS toll-free at 1-800-829-1040. You can also visit www.irs.gov for more information about this new law.
How does it effect you and your income?
If you’re one of the millions of Americans who will file taxes this year, you may be wondering what the new tax law means for you and your income. Here’s a breakdown of some key changes:
-The biggest change is that the IRS is accepting filings for the – tax year. Previously, taxpayers had to wait until April 15th to file their taxes. Now, they have until January 30th to file. This gives people more time to prepare and save money on taxes.
-Another big change is that the standard deduction has been increased. Under the old law, you could only deduct $6,350 from your income. Under the new law, that amount has been increased to $12,000. This means that more people will be able to reduce their taxable income by taking the standard deduction.
-There are also several other changes related to taxes that you should be aware of. For example, there are new rules about how much interest you can deduct on your debts, and how much money you can put away in retirement accounts each year.
What are the filing deadlines?
There are several filing deadlines for taxes in 2018. The deadline to file your taxes is April 17th. If you are due a refund, you have until October 15th to get it back to the IRS.
If you are filing a return on your own, the most important thing to know is that you have to file your taxes electronically. This means that you need to have an electronic account with the IRS and set up an online payment system if you want to pay by credit card or bank transfer.
If you are filing a return with help from a tax preparer, make sure to ask them about the filing deadline. Most preparers will be able to help you figure out what date is best for you based on your specific situation.
What should you do if you’re not sure if you qualify for the tax breaks?
If you’re not sure if you qualify for the tax breaks, you can check the IRS website to see if you are eligible. You can also call the IRS toll-free number to find out more about your specific situation.
The IRS is accepting filings for the – Tax Year. This means that you can file your taxes now and get a refund later. If you have questions about how to file your taxes, or if you need help filing your taxes, you can call the IRS toll-free number or visit the website.
If you are filing your taxes this year, the IRS is accepting 2290 filings for the 2022-2023 tax year. This means that many people who have been preparing their returns online will need to do so on paper. If you’re having trouble with this, or if you’re not sure what to do, please reach out to one of our experts at 1-800-932-0034. We would be more than happy to help!