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5 myths and misconceptions about new income-tax rules

Source: azcentral.com - Jun 4, 2018

Most Americans are finished with income taxes for the year, having completed and filed their returns under the old rules.

But now, a bunch of new rules have taken effect, thanks to the reform legislation enacted late last year. Affected taxpayers would be wise to brush up on the details, as several key provisions already have become sources of potential confusion.

According to one survey released in April, 13 percent of consumers hadn't even heard of tax reform, and others were confused about the impact of key provisions — all of which make it harder to plan ahead.

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Category: General Business

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