This year, for 2018, it’s more confusing than ever to try to get yourself ready for income tax season and decide on your deductions, if any, because of the changes that the tax bill passed earlier this year in congress. So you should start to get your federal taxes in order now.
Check Your Withholding
The IRS says that checking your withholding can help protect against having too little tax withheld and facing an unexpected tax bill or penalty at tax time next year. The average tax refund was $2,825 in 2018, up $9 from 2017, based on IRS data.Continue reading“It’s Time to Get Your Federal Taxes in Order, Part 1”