MULTIZ321
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BLUEWATER BY SPINNAKER HHI
ROYAL HOLIDAY CLUB RHC (POINTS)
Haven't Filed Yet? Here's What to Know
By Jill Schlesinger/ Jill on Money/ Business/ Success/ Chicago Tribune/ chicagotribune.com
"Tax season opened on Jan. 29, and the IRS expects more than 155 million returns to be filed this year. More than 70 percent of filers should receive a refund.
Once again, due to a District of Columbia holiday (Emancipation Day), the filing deadline is delayed. Procrastinators, mark April 17, rather than April 15, as your drop-dead date.
Although the IRS began accepting electronic and paper tax returns in late January, paper filers won’t see refunds as quickly. The agency began processing their returns in mid-February. Choosing e-file and direct deposit for refunds remains the fastest and safest way to file.
The IRS expects more than four out of five returns will be prepared electronically using tax software, and expects to issue more than nine out of 10 refunds in less than 21 days.
Now, on to completing your return. Here’s what you need to know about this filing season: While many of the recently enacted changes to the tax code go into effect next tax season, one big thing changes this year.
If you itemize deductions on Form 1040, Schedule A, the new law allows you to deduct qualified medical and dental expenses that exceed 7.5 percent of your adjusted gross income. That’s a lower threshold than the previous one of 10 percent. (The level returns to 10 percent beginning Jan. 1, 2019.)...."
enterlinedesign / Fotolia
By Jill Schlesinger/ Jill on Money/ Business/ Success/ Chicago Tribune/ chicagotribune.com
"Tax season opened on Jan. 29, and the IRS expects more than 155 million returns to be filed this year. More than 70 percent of filers should receive a refund.
Once again, due to a District of Columbia holiday (Emancipation Day), the filing deadline is delayed. Procrastinators, mark April 17, rather than April 15, as your drop-dead date.
Although the IRS began accepting electronic and paper tax returns in late January, paper filers won’t see refunds as quickly. The agency began processing their returns in mid-February. Choosing e-file and direct deposit for refunds remains the fastest and safest way to file.
The IRS expects more than four out of five returns will be prepared electronically using tax software, and expects to issue more than nine out of 10 refunds in less than 21 days.
Now, on to completing your return. Here’s what you need to know about this filing season: While many of the recently enacted changes to the tax code go into effect next tax season, one big thing changes this year.
If you itemize deductions on Form 1040, Schedule A, the new law allows you to deduct qualified medical and dental expenses that exceed 7.5 percent of your adjusted gross income. That’s a lower threshold than the previous one of 10 percent. (The level returns to 10 percent beginning Jan. 1, 2019.)...."
enterlinedesign / Fotolia