Internal Revenue Service will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled. The filing deadline to submit 2018 tax returns is Monday, April 15, 2019 for most taxpayers. Taxpayers who live in Maine or Massachusetts have until April 17, 2019 to file their returns. The IRS strongly encourages people to file their tax returns electronically to minimize errors and for faster refunds.
Author: John Nash
Mr. Nash is an experienced systems analyst/programmer and business manager who believes in giving back to the community through producing open source software.
Friday’s performance marked large rally
For the week, the S&P 500 gained 1.86%, the Dow added 1.61%, and the NASDAQ increased 2.34%.[2] MSCI EAFE stocks also increased, posting a 1.42% weekly gain. Friday’s performance marked one of the largest rallies since the beginning of this bull market.
SS & SSI COLA Biggest in Seven Years
The Social Security Administration has announced a 2.8% increase in Social Security and Supplemental Security Income (SSI) benefits for 2019. This increase will benefit more than 67 million Americans. This cost-of-living adjustment (COLA) is the largest in seven years.
AG Curtis Hill announces $575 million settlement with Wells Fargo
Attorney General Curtis Hill today announced that Wells Fargo Bank N.A. will pay $575 million to resolve claims that the bank violated state consumer protection laws. As part of a settlement involving all 50 states and the District of Columbia, Indiana will receive $5.2 million.
2018 Tax Rates from WWW.IRS.GOV
2018 Individual Income Tax Rates See https://www.irs.gov/pub/irs-pdf/n1036.pdf and https://www.irs.gov/pub/irs-pdf/i1040gi.pdf starting around page 31. The tax table starts on page 67. The rates (for $100,000+ incomes) are shown directly on the Tax Computation Worksheet which starts on page 79. If a family earns $3,000 / month, or $36,000 per year, after the $24,000 deduction, their income…