FAQ

Tax guide 2017

What is the filing requirement for 2017?

Minimum Income Requirements to File a Federal Income Tax ReturnFiling StatusAgeMinimum W-2 Income RequirementSingle65 or older$11,950Head of HouseholdUnder 65$13,40065 or older$14,950Married Filing JointlyUnder 65 (both spouses)$20,800

What is the taxable income for 2017?

Estimated Income Tax Brackets and RatesRateTaxable Income BracketTax Owed10%$0 to $9,32510% of Taxable Income15%$9,325 to $37,950$932.50 plus 15% of the excess over $9,32525%$37,950 to $91,900$5,226.25 plus 25% of the excess over $37,95028%$91,900 to $191,650$18,713.75 plus 28% of the excess over $91,900

How do I get a 2017 tax form?

Tax Transcripts

  1. Order online. Use the ‘Get Transcript ‘ tool available on IRS.gov. There is a link to it under the red TOOLS bar on the front page. …
  2. Order by phone. The number to call is 800-908-9946.
  3. Order by mail. Complete and send either Form 4506-T or Form 4506T-EZ to the IRS to get one by mail.

What was the standard tax deduction for 2017?

For example, in 2017 the standard deduction was $12,700 for a married couple, $6,350 for a single filer, and $9,350 for a head of household; each personal exemption was $4,050.

Do I need to file a tax return for 2017?

For the 2017 tax filing season, you’ll report the income that you received in 2016. … If your gross income is above the threshold for your age and filing status, you should file a federal income tax return. These rules apply if no other person claims you on their federal income tax return.

What forms are needed to file 2017 taxes?

Form 1040 (2017)

US Individual Income Tax Return for Tax Year 2017. Annual income tax return filed by citizens or residents of the United States.

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What was the exemption for 2017?

$4,050

What are the tax brackets for 2017 vs 2018?

2017 vs. 2018 Federal Income Tax BracketsMarried Filing Jointly & Surviving Spouses2018 Tax Rates – Standard Deduction $24,0002017 Tax Rates – Standard Deduction $12,70010%0 to $19,0500 to $18,65012%$19,050 to $77,400$18,650 to $75,90022%$77,400 to $165,000$75,900 to $153,100

What was the standard deduction in 2017 vs 2018?

If you file as Single or as Married Filing Separately, your standard deduction jumped from $6,350 in 2017 to $12,000 in 2018. And if you’re filing a joint return with your spouse, the standard deduction increased to $24,000, up from $12,700 at the end of 2017.

How do I file my taxes late 2017?

The IRS has some advice for taxpayers who missed the filing deadline.

  1. File and pay as soon as possible. …
  2. Use IRS Free File. …
  3. File electronically. …
  4. Pay as much as possible. …
  5. Make monthly payments through an installment agreement. …
  6. File as soon as possible to get a refund.

Can I do my 2017 taxes online?

2017 tax returns cannot currently be E-Filed. * The IRS does not allow electronic filing of prior year tax returns, and the deadline for 2017 electronic filing has passed on October 15, 2018. You may still prepare your 2017 taxes using our website.

Where can I file 2017 taxes online?

Use IRS Free File to File Taxes for Free

  • Get Started at IRS.gov. IRS Free File is available only through IRS.gov. …
  • Find Tax Breaks. The tax software’s question-and-answer format helps eligible taxpayers find tax breaks. …
  • Free for All. Taxpayers with income of $64,000 or less can use brand-name software. …
  • Easy Online Extensions.
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What are the 70 exemptions in income tax?

What’s out: Here are a few of the 70 exemptions and deductions you won’t see in the new regime- Section 80C investments, house rent allowance, home loan interest, leave travel allowance, medical insurance premium, standard deduction, savings account interest, education loan interest.

What is the standard deduction for 2019 taxes?

For single taxpayers and married individuals filing separately, the standard deduction rises to $12,200 for 2019, up $200, and for heads of households, the standard deduction will be $18,350 for tax year 2019, up $350.

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