If You’ve Already Filed, Here’s What You Need To Do About Those Tax Extenders

1040 On Friday, Congress reached a budget deal (there was a brief shutdown, in theory, overnight, but nothing along these lines). Tucked away in the bill, as reported by Forbes’ Ashlea Ebeling were “surprise tax breaks on homeowners, students and greenies.” Those tax breaks are the extenders, or provisions that expired at the end of 2016 but have been extended through 2017. Yes, through 2017, as of 2018. The tax breaks are retroactive to January 1, 2017, and affect the tax return that you will file in 2018. For early filers, it affects the tax returns that you have already filed in 2018. As of last week, the Internal Revenue Service (IRS) had already received 18,302,000 tax returns and had processed 17,931,000; that number is likely double by now. If you’ve already filed your tax return and think you might be affected by the tax extenders provisions, here’s what you need to do: 1. Breathe. We can all be angry at Congress, but it won’t do…

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