2019 vs 2018 tax calculator: see how your tax bill will change
Despite, the IRS has confirmed that it will still collect taxes in 2019. Sigh.
This year, tax season begins on January 28, the first day you can file your 2018 taxes. Whether you decide to file your tax return electronically or by mail, there is awho can walk you through the process – maybe even for free, depending on your annual income.
Before you file your return, it’s worth taking a look at the impact of the law passed in late 2017 on your 2018 tax bill. The Tax Cuts and Jobs Act has significant implications for almost everyone in America. whether you are single or married, working for someone else or self-employed, owning a house or renting.
Despite the fact that all IRS sites are closed, there are resources available to help you file your taxes. The agency has posted a handy 12-page PDF covering the key changes that came into effect in 2018, and there may be answers to your questions on the IRS website. And CNET took a new look atThis year.
But if you’re looking for a quick way to estimate your bill for 2018, the Nonprofit Tax Foundation has developed a calculator to help you estimate tax liabilities in a variety of common scenarios. You can also define your own custom settings to see exactly how the tax law will affect you. Try it for free below. (If it doesn’t display correctly in your browser, try this page.)
You can read more about this calculator here and each taxpayer example here.