Broker Check

2018 Tax Information

| January 03, 2018

Tax filing reminders

               January 16 – Due date for the fourth installment of 2017 individual estimated tax.

               January 31 –

  • Due date for employers to furnish W-2 statements to employees, and to file Forms W-2 with the Social Security Administration (both paper and electronic forms).

  • Due date for payers to provide most Forms 1099-MISC with non-employee compensation in box 7 to recipients and to the IRS.

  • Employers must file 2017 federal unemployment tax returns and pay any tax due.

  • Due date for providers to send Forms 1095 to recipients and the IRS.

Mileage rates for 2018

The IRS recently announced mileage rates to be used for travel in 2018. The standard business mileage rate increased by 1 cent to 54.5 cents per mile. The medical and moving mileage rates also increased by 1 cent, to 18 cents per mile. Charitable mileage rates remained unchanged at 14 cents per mile.

Remember to properly document your mileage to receive full credit for your miles driven.