Goodbye 2017!

Goodbye 2017!

With the end of the New Year celebrations it is time for US tax filers to start thinking about the key upcoming filing deadlines. The Federal Tax return filing deadline for taxpayers living within the US will be April 17 2018. The filing deadline for those living...

2018 exemptions and deductions

In addition to changes to the tax rates changes, assuming that the Tax Reform bill passes by the end of 2017, 2018 will also see large changes to the system of deductions. Standard Deduction Amounts For 2018, the standard deduction amounts will increase to $12,000 for...

2018 Individual Tax Rates

Big changes are proposed for individual’s tax rates and deductions for 2018. The following are based upon the assumption that the current Tax Reform Bill will be written into law before the end of 2017. Tax Brackets and Tax Rates. There will still be 7 tax rates,...