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Can I still file a 2017 return?
For 2017 tax returns, the three-year window closes May 17, 2021. The law requires taxpayers to properly address and mail the tax return to the IRS. It must be postmarked by the May deadline. The IRS may hold the 2017 refunds of taxpayers who have not filed tax returns for 2018 and 2019.
What does the tax cuts and Jobs Act of 2017 include?
Major elements of the changes include reducing tax rates for businesses and individuals, increasing the standard deduction and family tax credits, eliminating personal exemptions and making it less beneficial to itemize deductions, limiting deductions for state and local income taxes and property taxes, further …
Can I still file 2017 taxes online?
You can still file 2017 tax returns Even though the deadline has passed, you can file your 2017 taxes online in a few simple steps. Our online income tax software uses the 2017 IRS tax code, calculations, and forms. File late taxes today with our Maximum Refund Guarantee.
Why do single taxpayers pay more?
Income earned by single people is taxed at a higher percentage than the income of married people filing jointly with a similar tax table. You receive less in Social Security because married people can draw from a living spouse’s benefits and also receive a deceased spouse’s benefits.
How do I take credit for taxes withheld in 2017?
When you file your 2017 income tax return, take credit for all the income tax withheld from your salary, wages, pen- sions, etc., and for the estimated tax you paid for 2017. Also take credit for any ex- cess social security or railroad retirement tax withheld (discussed in chapter 38).
How do I claim the 2017 standard deduction increase?
In addition to the annual increase due to inflation adjustments, your 2017 standard deduction is in- creased by any net disaster loss due to Hurricane Harvey, Irma, or Maria. To claim the increased standard deduction, you must file Form 1040. See Pub. 976 for more information. Due date of return. File your tax return by April 17, 2018.
When will I receive my tax statement for 2017?
If you had income tax withheld during 2017, you should be sent a statement by January 31, 2018, showing your income and the tax with- held. Depending on the source of your income, you should receive: Form W-2, Wage and Tax Statement, Form W-2G, Certain Gambling Winnings, or A form in the 1099 series.
How do I know if there are tax law changes for 2017?
To learn whether this legislation was enacted resulting in changes that affect your 2017 tax return, go to Recent Developments at IRS.gov/ Pub17. Tax law changes for 2018. When you figure how much income tax you want withheld from your pay and when you figure your estimated tax, consider tax law changes effective in 2018.