Eclectiq Level

DONT FORGET YOUR MARKETPLACE TAX CREDIT ON FORM 1095-A

TIPS- THE PERFECT W2. THE GROSS WAGES ARE 48K. THE FIT IS OVER 10% AT 6K. KEEP TRACK OF YOUR WITHHOLDINGS WITH CHECK STUBS.

As ive always stated they are trying to make it impossible to get a refund eventually. Especially for high income households. Open a business asap.

http://www.msn.com/en-us/money/personalfinance/millions-of-taxpayers-could-wind-up-owing-for-2018/ar-BBN7wrE?li=BBnb7Kz&ocid=U270DHP....... more than 4.5 million taxpayers will come up short next April, unless they act now to adjust their withholding amounts because the tax law limited or even eliminated many itemized deductions claimed by millions of taxpayers -- nearly 28 million of them for 2017. The biggest contributors to this are the new limits on state and local tax deductions (the SALT deductions), a restriction on the amount you can deduct for home mortgage interest and the elimination of the deduction for job-related expenses.

Those most likely to owe tax for 2018 are those who itemize deductions. The GAO looked closely at this group and provided more clarity as to who it will include. Specifically, married taxpayers who itemize deductions, with two children under age 17, income exceeding $180,000 from one or more jobs and who have $20,000 or more in nonwage income (dividends, interest or capital gains) are highly likely to have to pay additional tax when they file next year.

More than 130,000 veterans owed tax refunds after glitch
The IRS recommends that taxpayers who itemize should do some planning now to avoid the sticker shock of a large tax bill for 2018.

They're urged to use the Withholding Calculator on the IRS website to perform a "paycheck checkup" now.

Millions of taxpayers could wind up owing for 2018 Changes to the tax code that are now in effect might snare up to 4.5 million Americans at tax time next April