Are you preparing for the new tax season?
The new 2018 tax return is circulating the web so we know what it looks like. However, the IRS hasn’t provided us with a date for when tax season begins.
Despite that, here’s how to be ahead of the game.
Here’s what you need to know
Mark your calendar or set a reminder on your phone because here are some important dates.
- January 28, 2o19 is the start of the tax season
- January 31, 2019 is the deadline for employers to issue income statements such as your W-2 statement
- The Marketplace must issue you a mandatory Form 1095-A by January 31 to fill out Form 8962 (Premium Tax Credit)
- April 15, 2019 is the tax deadline for your 2018 tax return and the last day to claim your 2015 refund
- April 17 is the tax deadline for taxpayers who live in Maine or Massachusetts due to Patriots’ Day and Emancipation Day in the District of Columbia
You will need to be informed on the updated on the new Form 1040 for your 2018 taxes. Due to the Tax Cuts and Jobs Act, there have been extensive changes to the current tax code regarding tax brackets, credits, itemized deductions and phase-out thresholds.
Click here to read about what changes you need to pay attention to when filing in the 2019 tax season.
How to file your 2018 taxes
With Priortax, you just need to gather your income statements such as your W-2 or 1099 and follow a few steps.
- Create an account for your tax year
- Enter your tax information for each field
- Submit your tax return to e-file!
We also provide you with an option for professional review or a CPA review where one of our tax experts can check your return for any potential errors or oversights that could lead to an IRS audit.
Prepare your 2018 tax return NOW!
The new 2018 tax application is ready to go. Figure your refund before the e-filing season begins on January 28! Remember, if you forgot to file any of your prior year tax returns, the IRS can hold your refund.