MAIN Your Money Taxes US IRS Tax Forms
2017 IRS Tax Forms & Instructions
for Filing Your Taxes in 2018
IRS tax forms | State & local tax forms | Filing under the new 2018 tax law
Questions about the new tax law? Your 2017 income was taxed under the current law, so when you file your tax returns in April of 2019 , it's the new law that will govern your filing.
IRS filing deadline this year is April 17, 2018
Traditionally, all US residents must complete returns by April 15th.
When that date falls on a weekend or holiday, filers get until the next business day to submit their state returns.
In 2018, the filing deadline to submit 2017 tax returns is Tuesday, April 17, 2018, rather than the traditional April 15 date. Why? Because April 15 is on a Sunday and the Washington D.C. Emancipation Day holiday is being observed on Monday, April 16, so Tax Day is on the following Tuesday. That means there are two extra days in 2018 to file your 2017 taxes.
What the new tax law means
In 2017, it took only 7 weeks to pass the most sweeping tax overhaul in 30 years.
Government officials are still ironing out the details, but the new rules are anticipated to take effect on January 1, 2018.
The haste with which the bill was passed means 2018 filing taxes (in April 2019) will be a challenge for individuals and some homeowners unfamiliar with the new code.
It is still not clear, for example, if homeowners who have prepaid their property taxes in the 2017 calendar year will receive credit for it. While some municipalities have accepted early payments, there is no guarantee that the IRS will allow these payments to be deductible on federal income taxes for the 2018 tax year.
For those who have gambled on prepayment, local municipalities have warned that refunds would not be forthcoming, so the best homeowners may hope for is credit for advance property tax payments to future tax bills.
The new tax law in a nutshell
• Individuals will see tax cuts, including a top rate reduced to 37 percent, down from 39.6 percent. (NOTE: Individual tax cuts will last for eight years and will expire after 2025. Corporate tax cuts will remain permanent.)
• The new bill for eight years beginning on Jan. 1, 2018, will increase the standard deduction - to $12,000 from $6,350 for individuals, and to $24,000 from $12,700 for married couples. However, the new bill temporarily eliminates the $4,050 individual personal exemption for those who earn under a certain income cap.
• Overall, the new bill anticipates reduced taxes for individuals by about $1,600 in 2018, with the largest benefit going to the wealthiest households.
What it means for homeowners
• Homeowners will no longer be able to FULLY deduct state and local property taxes plus income or sales taxes. Instead, the legislation allows individuals to deduct up to $10,000 in state and local income and/or property taxes and sales taxes..
• The tax changes for homeowners will affect individuals by location. Those living in high-tax states like New York, California and New Jersey, for example, could see an increase in what they owe Uncle Sam in April 2019.
Small business and home office deductions
Small businesses, freelancers, and the self-employed will continue to be able to declare business expenses on IRS Form 1040, Schedule C (Profit or Loss from Business). Also see IRS Advice on Home Office Deductions.
Estate and corporate taxes
• The size of inheritances exempted from estate taxes will double - up from $5 million to $10 million per person.
• The corporate tax rate will be reduced to 21 percent, from the current 35 percent. Unlike the temporary nature of the individual tax cut, the corporate tax cut is permanent.
Again, these new provisions apply only to US residents filing their 2018 taxes in April 2019.
2017 IRS tax forms
While the filing deadline is in April, the earliest American can begin submitting their tax forms is the last week in January 2018. This year, it's anticipated that the IRS will begin accepting tax returns electronically beginning on Monday, January 22, 2018. Paper tax returns also began processing on the same day.
For early filers, most tax forms are downloadable from the official IRS site including the 1040, EZ, and Form 4868 extension form if you're running late (see below.)
Tax forms & instructions are in PDF format and require the Adobe Acrobat Reader to view, download & print.
Quick hits - the most requested IRS tax forms