Answers To Top Tax Questions

Answers To Top Tax Questions On Itemized Deductions, Credits, Tax Filing Extensions And More

As posted from Forbes.com

This is an especially tricky tax season. Many tax-law changes Congress enacted in 2017 are now showing up on 2018 income tax returns. So it’s only natural that many taxpayers are confused. Next Avenue asked our readers to send us their questions. Then we asked three tax experts to answer the most common ones we heard.

The questions fell into four broad categories: Who needs to file a 2018 federal income tax return; the standard deduction versus itemized deductions; what’s tax deductible and filing a 2018 tax return late or getting an extension. The experts: Mark Luscombe, principal analyst at Wolters Kluwer Tax & Accounting; Mark Steber, chief tax officer at the Jackson Hewitt tax preparation firm and Lisa Greene-Lewis, TurboTax CPA and tax expert.

Who Needs to File a 2018 Federal Income Tax Return?

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