The U.S. IRS has announced an update of the tax year 2018 annual inflation adjustments to reflect changes from the Tax Cuts and Jobs Act. The IRS also issued a newly revised estimated tax package, Form 1040-ES, and a companion publication, Publication 505, to assist individual taxpayers to correctly determine estimated payments in light of the 2018 changes.
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The Internal Revenue Service has updated the tax year 2018 annual inflation adjustments to reflect changes from the Tax Cuts and…