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NEWS AND VIEWS January/ February Reform for 20182019Our Mission To provide resource sand support for Oxford County residents, sixty and over. Our Vision For seniors to live healthy, safe and independent
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How to fill out tax reform for 2018

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How to fill out tax reform for 2018

01
Gather all necessary tax documents such as W-2 forms, 1099 forms, and receipts for deductible expenses.
02
Determine your filing status (single, married filing jointly, etc.) and the appropriate tax brackets for your income level.
03
Calculate your total income by adding up all sources of income, including wages, tips, and self-employment income.
04
Subtract any deductions and exemptions you are eligible for to determine your taxable income.
05
Use the updated tax tables or online tax software to calculate the amount of tax you owe.
06
Consider any tax credits you may be eligible for, such as the Earned Income Credit or Child Tax Credit.
07
Fill out the necessary forms, such as Form 1040 or Form 1040EZ, and include all required information and supporting documents.
08
Double-check your completed tax form for accuracy and make sure to sign and date it.
09
File your tax return by the deadline, which is usually April 15th, or request an extension if needed.
10
Keep copies of all tax documents and your completed tax return for your records.

Who needs tax reform for 2018?

01
Anyone who received income in 2018, including employees, self-employed individuals, and independent contractors, needs to file a tax return and may benefit from any available tax reform provisions.
02
It is important for taxpayers to familiarize themselves with the new tax reforms to ensure accurate filing and to take advantage of any potential tax benefits or credits that may be applicable to their situation.
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Tax reform is implemented to make changes to the existing tax system in order to improve efficiency, fairness, and simplicity.
Individuals, businesses, and organizations that meet certain income thresholds or have specific types of income are required to file tax reform.
Tax reform forms can be filled out either manually or electronically by providing accurate information about income, deductions, credits, and other relevant tax-related details.
The purpose of tax reform is to ensure that the government collects revenue to fund public services and programs, while also maintaining fairness and equity in the tax system.
Tax reform forms typically require information about income, deductions, credits, and tax payments made throughout the year.
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