Another tax season is coming closer with same deductions, exemptions, and credits as last year. 2018 tax year has been a burden for those who haven’t kept a good track of the tax changes. Tax Cuts and Jobs Act of 2017 made the changes for the 2018 tax year through 2025. So the same rules

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“Refund Schedule 2020”

Another tax season is coming closer as the next year approaches. Internal Revenue Service (IRS) expects more than 150 million tax returns for 2019 taxes that will be paid in 2020. Just like any other year, for the 2020 tax filing year, you will report your income and deductions you want to claim. However, just

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“Income Requirements for Tax Filing 2020”

Paying taxes is surely not an exciting thing but getting a sizable amount of refund is always something that is beneficial for any individual. The biggest question regarding refunds is the question of taxpayers asking themselves where their refund is currently at. Had it been already processed and on its way? Or is it waiting

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“Where’s My Federal Refund 2020 IRS”

The Tax Cuts and Jobs Act have changed lots of things in the American tax code. Obviously, the most notable changes were the elimination of personal exemptions and nearly doubled standard deduction. These changes are aimed to simplify the tax system the U.S. uses. Instead of taking an average amount of standard deduction and taking

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“Why Itemized Deductions are Not So Popular Anymore”