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Ways to file your 2017 taxes
31 January 2018, 01:36 | Christie Tate
Taxpayers can file starting today
She also said that you should never respond to email, text or social media messages claiming to be from a legitimate agency.
This means changes to the tax law will take effect next tax season.
It's estimated that Detroiters leave $54 million in unclaimed federal tax credits for earned income on the table each year when they don't file returns and claim the credit. Monday, January 29th is the first day we can file our taxes. Kevin Milligan Strojny Financial Services said, "The main you want to start with is making sure you've got everything that's come in because it's so early on in tax season and a lot of people will come in and get their taxes prepared".
I generally say "NO" unless you are trying to increase your blood pressure or you are really bored.
"We know so much and that needs to be protected, credentialed and locked up, shredded, destroyed and properly handled", Tsalakos said. But, if you're expecting a $3,000 refund - the average refund in the US - it may be worth the hustle.
People can now begin to file their 2017 income tax returns. Since nearly everyone's tax bracket is going lower, the IRS has adjusted the withholding schedules to not withhold as much as previous year, so everyone should see their net pay increase. He says another reason to file early is to avoid falling victim to a scam. "They are definitely masters of the disappearing act", said Lester Crawford, chair of the California Tax Education Council (CTEC), a state-mandated nonprofit organization that manages the registration of more than 40,000 unlicensed tax preparers.
While appointment times vary by case, many of his clients are in and out within 30 minutes, Hernandez said.
"What's happening to the IRS is that they're so pressured by a shortage of staff, and the work doesn't go away, that they're not allowing processes to happen the way they're designed", Davidoff continued.
For those with investments including bitcoin, you must report them. "That will help prevent the identity theft so many have been subject to in the past. I wish I had someone sit down with me when I was younger".
Tsalakos has been filing returns with H&R Block for 15 years.
The Department of Revenue also has been working with the IRS, the tax industry and other state revenue departments as part of the Security Summit initiative to continue strengthening processing systems to protect taxpayers from identity theft and refund fraud.
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