Many people would like to know how the new tax bill for 2018 will affect them. Here are a couple of online calculators that may be helpful. CNN: https://www.nytimes.com/interactive/2017/12/17/upshot/tax-calculator.html NY Times: https://www.nytimes.com/interactive/2017/12/17/upshot/tax-calculator.html In addition, the withholding tables for your paycheck or pension check is set to be changed in February 2018.
It now appears that electronic filing will begin on Monday January 29, 2018 for individual returns. This should be valid for 2017, 2016 and 2015 only. On the other hand, business returns can be filed starting Monday, January 8, 2018. However, this is unlikely to include NYS and NYC.
We hope everyone is having or had a nice holiday season. Cards and calendars went out a couple of weeks ago. If anyone wants wallet sized calendar cards, let us know. Appointments can be made now, if you wish. Happy New Year
The new tax bill was signed yesterday by President Trump. There are a few things you can do for the remainder of the year. 1. Load up on deductions for 2017 as it will be likely worth more in 2017 than 2018. This is especially true for job expenses since its going away in 2018. […]
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