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Month: May 2019

2020 Tax Refund Schedule

May 31, 2019 at 7:57 am | IRS | Editor -

The two most pressing question of an early tax filer is either ”where is my refund?” or ”when to expect my refund?”. 2018 taxes have come to an end by the April 15 deadline. However, if you filed for an extension, you will have time until October 15 this year. So if you’ve filed your

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“2020 Tax Refund Schedule”

Standard Deduction for 2019/2020

May 24, 2019 at 7:07 am | IRS | Editor -

Since the Tax Cuts and Jobs Act (TCJA) has made some notable changes for the 2018 tax year and beyond until 2025, taxpayers are wondering about the standard deduction amount for 2019 and 2020. The standard deduction amount jumped from $6,350 in 2017 to $12,000 for 2018. Although this sounds cool and all, the whole

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“Standard Deduction for 2019/2020”

Above-the-line Deductions You Can Take With Standard Deduction 2019/2020

May 10, 2019 at 1:45 pm | IRS | Editor -

The new Tax Cuts and Jobs Act had made some changes on the standard deduction by nearly doubling it from $6,350 in previous years to $12,200 for the taxes will be filed in 2020. The data show us that around 60% of the American taxpayers were taking the standard deduction and this number is expected

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“Above-the-line Deductions You Can Take With Standard Deduction 2019/2020”