How To Tax Plan For the 2018 Tax Year

by | Nov 14, 2018 | Top Accounting Tutorials | 0 comments

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How To Tax Plan For the 2018 Tax Year

Taxes can be stressful for many taxpayers. Follow these easy to follow tips to contain your tax stress levels: Stupid and Smart Things Taxpayers Do When Filing Taxes.

Taxes can be stressful for many taxpayers. Follow these easy to follow tips to contain your tax stress levels: Stupid and Smart Things Taxpayers Do When Filing Taxes.

In order to reduce your taxes or increase your tax refund in conjunction with your next tax return, tax planning throughout a given tax year is critical. In addition, you should also consider the possible tax implications of planned life changing events (marriage, home purchase, etc.). The same is true for unplanned life changing events since they might have unplanned tax consequences. 

In order to reduce your taxes or increase your tax refund in conjunction with your next tax return, tax planning throughout a given tax year is critical. In addition, you should also consider the possible tax implications of planned life changing events (marriage, home purchase, etc.). The same is true for unplanned life changing events since they might have unplanned tax consequences. 

In summary, tax planning is the process of acquiring the latest tax knowledge and taking the necessary actions to reduce your income taxes. 

In summary, tax planning is the process of acquiring the latest tax knowledge and taking the necessary actions to reduce your income taxes. 

We at efile.com help you with tax planning by providing not only free tax tools, but also asking you relevant questions that could result in your income tax reduction. December 31 is a critical deadline for each tax year, since certain contributions (e.g. retirement plan, medical plan, etc. ) have to be completed by December 31. Furthermore, in the case of a marriage or divorce, December 31 is a critical date when it comes to selecting a filing status. Certain types of income throughout a tax year will determine your taxable income.

We at efile.com help you with tax planning by providing not only free tax tools, but also asking you relevant questions that could result in your income tax reduction. December 31 is a critical deadline for each tax year, since certain contributions (e.g. retirement plan, medical plan, etc. ) have to be completed by December 31. Furthermore, in the case of a marriage or divorce, December 31 is a critical date when it comes to selecting a filing status. Certain types of income throughout a tax year will determine your taxable income.

Generally, most qualifying tax deductions and tax credits for a given tax year have to be expensed by December 31 of the tax year.

Generally, most qualifying tax deductions and tax credits for a given tax year have to be expensed by December 31 of the tax year.

Tax Time or Tax Season is usually from January 15 – April 15 (April 15 is the general tax return filing/tax payment deadline). During this time, the IRS requires Federal Income Tax Returns to be filed or e-filed for the previous tax year . Most states also require State Income Tax Returns to be submitted during the same time period; some have a May 1 deadline.

Tax Time or Tax Season is usually from January 15 – April 15 (April 15 is the general tax return filing/tax payment deadline). During this time, the IRS requires Federal Income Tax Returns to be filed or e-filed for the previous tax year . Most states also require State Income Tax Returns to be submitted during the same time period; some have a May 1 deadline.

During Tax Time, you will enjoy the benefits of proactive tax planning as listed in points 1 – 3 above.

During Tax Time, you will enjoy the benefits of proactive tax planning as listed in points 1 – 3 above.

Plan Now. Avoid Surprises Later.

Plan Now. Avoid Surprises Later.

Start with the free 2018 Tax Calculator and Tax Refund Estimator

Start with the free 2018 Tax Calculator and Tax Refund Estimator

2018 Tax Return Calculator

2018 Tax Return Calculator

Many, handy, and easy to use Tax Tools

Many, handy, and easy to use Tax Tools

Research & References of How To Tax Plan For the 2018 Tax Year|A&C Accounting And Tax Services
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How To Tax Plan For the 2018 Tax Year
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