 It is burned into our memories that April 15 is the tax deadline. April 15. April 15. APRIL 15!!!
Unless... As with most holidays, if the special day falls on a weekend it is observed another day. For tax deadlines the due date becomes the next working day after the scheduled date. You might think that since April 15, 2018 is a Sunday, the next working day would be Monday, April 16. If you were making this presumption for most of the country you'd be correct. Enter the District of Columbia.  Among many other changes, the recently passed Tax Cuts and Jobs Act increased the standard deduction, removed personal exemptions, increased the child tax credit, limited or discontinued certain deductions, and changed the tax rates and brackets. To help account for these new changes to the individual income tax the Internal Revenue Service has issued a new 2018 Form W-4, Employee’s Withholding Allowance Certificate.
The IRS explained that certain taxpayers would be more likely to have a change in their tax situation necessitating filing a new Form W-4 with their employers, including two-income families, taxpayers with two or more jobs or who work only part of the year, taxpayers with children who will claim credits such as the child tax credit, and taxpayers who itemized deductions in 2017. |
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