Since the recent tax cut legislation doesn't become effective until February 2018, should I wait to file my taxes until after that date?

gcastanza · ‎June 6, 2019

xmasbaby0 · ‎June 6, 2019

No. Those new tax laws do not affect your 2017 tax return, except for the 7.5% of AGI medical expense threshold. They will affect your 2018 tax return that you prepare in 2019.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

xmasbaby0 · ‎June 6, 2019

No. Those new tax laws do not affect your 2017 tax return, except for the 7.5% of AGI medical expense threshold. They will affect your 2018 tax return that you prepare in 2019.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

levisncap89 · ‎June 6, 2019

That affects withholding and tax rates for 2018. It won't affect this year's return.

Expert does your taxes

Do it yourself

Resources

Support

Since the recent tax cut legislation doesn't become effective until February 2018, should I wait to file my taxes until after that date?