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Do You Need To File A Tax Return In 2018?

Source: forbes.com - Jan 25, 2018

Tax season opens on Monday, January 29, 2018. The Internal Revenue Service (IRS) expects to process nearly 155 million individual tax returns in 2018. Will you be filing one of those returns? And more important, do you need to?

For the 2018 tax filing season, you'll report the income and corresponding deductions for the tax year 2017. That includes pay received in 2017 but not pay that you receive in 2018 for services performed in 2017 (you'll report that income next year).

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Category: General Business