Updated 2018 Withholding Tables Now Available

From the IRS | IR-2018-05 | January 11, 2018

The Internal Revenue Service released Notice 1036, which updates the income tax withholding tables for 2018 reflecting changes made by the tax reform legislation last month. This is the first in a series of steps that IRS will take to help improve the accuracy of withholding following major changes made by the new tax law.
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2018 Tax Filing Season Begins January 29

From the IRS | IR-2018-01, Jan. 04, 2018

The Internal Revenue Service announced that the nation's tax season will begin Monday, January 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won't be available before late February.

The IRS will begin accepting tax returns on January 29, with nearly 155 million individual tax returns expected to be filed in 2018. The nation's tax deadline will be April 17 this year - so taxpayers will have two additional days to file beyond April 15.
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Penalty Assessments to be Mailed in Final Step of Pennsylvania Tax Amnesty Program

From the PA Department of Revenue | January 8, 2018

The Pennsylvania Department of Revenue has begun mailing non-participation penalty assessments to delinquent taxpayers who failed to participate in the 2017 Tax Amnesty program, Revenue Secretary Dan Hassell announced.
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Beware of Fake Charity Scams Relating to Hurricane Harvey

From the IRS | IR-2017-137 | August 29, 2017

The Internal Revenue Service today issued a warning about possible fake charity scams emerging due to Hurricane Harvey and encouraged taxpayers to seek out recognized charitable groups for their donations.
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Filing Deadline to Submit 2017 Tax Returns is April 17, 2018

From the IRS | IR-2018-01, Jan. 04, 2018

The filing deadline to submit 2017 tax returns is Tuesday, April 17, 2018, rather than the traditional April 15 date. In 2018, April 15 falls on a Sunday, and this would usually move the filing deadline to the following Monday - April 16. However, Emancipation Day - a legal holiday in the District of Columbia - will be observed on that Monday, which pushes the nation's filing deadline to Tuesday, April 17, 2017. Under the tax law, legal holidays in the District of Columbia affect the filing deadline across the nation.

Helpful Tips to Know About Gambling Winnings and Losses

From the IRS | IRS Summertime Tax Tip 2017-15 | August 4, 2017

Taxpayers must report all gambling winnings as income.  They must be able to itemize deductions to claim any gambling losses on their tax return.  Taxpayers who gamble may find these tax tips helpful:
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