News
Tuesday June 19, 2018
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Savvy Living
What resources can you recommend to help individuals living with vision loss? My husband has macular degeneration that...More |
Washington News
With passage of the Tax Cuts and Jobs Act, most Americans will experience a change in the amount of tax due. Many taxpayers will have lower taxes due to the higher standard deduction and increased child credit amount. Some upper-income taxpayers may face a tax increase due to the new limit on deductions for state and local taxes.
To help taxpayers understand the impact of these changes, the IRS has created a Withholding Calculator on IRS.gov. Acting IRS Commissioner David Kautter encouraged use of the calculator and noted, "Until every employee visits the Withholding Calculator, I am not a happy guy." Kautter hopes to keep promoting the calculator and desires "a couple of hundred million" taxpayers to use it to determine their estimated 2018 taxes.
In IR-2018-138, the Service encouraged taxpayers who make quarterly estimated tax payments to update their plans. Quarterly estimated tax payments for taxpayers who are self-employed, retired or have investment income are due on April 18,...More |
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Personal Planner
Parents have a number of reasons for making gifts to children. First, a parent should have sufficient resources for...More |
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