General Discussion

underpants

(182,826 posts) Sat Nov 11, 2017, 10:24 AM Nov 2017

Taxes & Timing - will any changes be ready for 2018 filings ?

Let's just suppose they actually pass some form of tax bill say by next week, that's 45 days out from the end of the year.

Will there be enough time for tax software and the IRS to program for these changes?

I left "forms" out if it though people do still file using paper. Will there be enough time for all the literature (instructions, tables, worksheets, etc.) to be changed and available?

6 replies

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Taxes & Timing - will any changes be ready for 2018 filings ? (Original Post) underpants Nov 2017 OP

Not holding my breath...and based on how this admin has handled other rollouts HipChick Nov 2017 #1

ypu mean filing for current tax year 2017 beachbum bob Nov 2017 #2

There won't be any changes that affect 2017 returns. MineralMan Nov 2017 #3

Which is exactly what Republicans want. RedSpartan Nov 2017 #4

Yup. That's the effect. MineralMan Nov 2017 #5

Thanks underpants Nov 2017 #6

HipChick

(25,485 posts)

1. Not holding my breath...and based on how this admin has handled other rollouts

Reply to underpants (Original post)

Sat Nov 11, 2017, 10:26 AM

Nov 2017

I would say, no...it would be a huge clusterfuck

beachbum bob

(10,437 posts)

2. ypu mean filing for current tax year 2017

Reply to underpants (Original post)

Sat Nov 11, 2017, 10:30 AM

Nov 2017

and little hope anything would be retroactive

MineralMan

(146,317 posts)

3. There won't be any changes that affect 2017 returns.

Reply to underpants (Original post)

Sat Nov 11, 2017, 11:03 AM

Nov 2017

Anything that passes will not go into effect retroactively. It will be the 2018 tax year that will be the first year affected. You won't file for that year until 2019.

RedSpartan

(1,693 posts)

4. Which is exactly what Republicans want.

Reply to MineralMan (Reply #3)

Sat Nov 11, 2017, 11:12 AM

Nov 2017

So the rubes will do their taxes in 2018 and say, HA! SEE? My taxes didn't go up! Lying librul media! Then they vote, as always, for Republicans in the 2018 midterms, and when their taxes go up in 2019, this discussion is a distant memory and they (and Fox, et al.) will blame Democrats for it.

MineralMan

(146,317 posts)

5. Yup. That's the effect.

Reply to RedSpartan (Reply #4)

Sat Nov 11, 2017, 11:13 AM

Nov 2017

If intelligent people on DU don't understand how this all works, many others simply don't get it at all.

underpants

(182,826 posts)

6. Thanks

Reply to MineralMan (Reply #3)

Sat Nov 11, 2017, 02:27 PM

Nov 2017

My wife explained it to me right after I posted.

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