Tax Calculator Comparison Feature Launch
We understand the confusion and questions that follow major tax law changes. From the Tax Cuts and Jobs Act (TCJA) to sharing the possible impact of the recent government shutdowns, we can help prepare you for all that comes your way.
In an effort to remain a thought leader for our clients, we have expanded the Tax Refund & Tax Reform Impact Calculator. We believe the best way to prepare for the impact of the recent tax law changes is to proactively educate yourself. Fortunately, we can share this knowledge with clients with the help of a new, easy-to-use tool.
What has changed?
Enter your background information, income, and tax-related expenses to view:
- An idea of your current tax bracket and standard deduction for 2017.
- An estimate of eligible credits, taxes due, or potential refund amounts.
- A side-by-side comparison of this year’s filing and your future 2018 filing on an itemized scale.
To view the new tax calculator comparison feature, visit this link.
Why is this relevant?
Due to the mix of updates included in the TCJA, many clients were left wondering if basic credits such as the Earned Income and Tax Credit (EITC) or unreimbursed business deductions are still available to claim.
Our goal is to help you answer as many questions as possible prior to completing your tax return.
A side-by-side comparison could assist with proactively forecasting next year’s tax obligations. We believe feeling prepared encourages a productive discussion with your tax professional, and an overall feeling of confidence when filing your 2017 return.
Where can I find more information?
We encourage clients to review any tax law-related publications directly via www.irs.com.
Our tax professionals will continue to provide TCJA updates. Visit the Tax Reform And You section of our Tax Information Center to explore this topic further.
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