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Some of the change we can expect to see in 2017.
This is worth the read
http://www.accountingtoday.com/opinion/new-tax-rules-for-2017

New tax rules for 2017 Even if there are no new laws from President-elect Trump and the Republican-controlled Congress, practitioners still will have to cope with a number of changes that go into effect for the first time this year or apply for the first time for tax returns filed this year.

Why it's a good time to invest even small amounts into 401(k) IRA accounts. If you think you may owe you have until April 15 to put that money to work for you!

So with the first stages in the dismantling of Obamacare, just remember that in 2016 we were all still required to have health insurance. What the future holds is anyone's guess. However, I would still keep the insurance.

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Tax Pro Today


Dec 12, 2016

Top Stories

IRS Says 2017 Tax Season Starts January 23

by MICHAEL COHN

The Internal Revenue Service said Friday that next tax season will begin on Monday, Jan. 23, 2017, while warning some taxpayers to expect longer waits for their tax refunds. The tax day deadline will be April 18.

http://www.accountingtoday.com/news/tax-practice/irs-says-2017-tax-season-starts-january-23-80101-1.html?utm_campaign=tax%20pro%20today-dec%2012%202016&utm_medium=email&utm_source=newsletter&taxpro=1&ET=webcpa:e8347880:a:&st=email&eid=0fe8e3cec0972a13ef04b463b7644ea8

https://twitter.com/sharongrant7270/status/807259380684963840
Path Act Tweet

Sharon Grant on Twitter “PATH ACT. As of 12/18 legislature passed a law holding refunds for EIC & ACTC recipients to mid February. More at https://t.co/sgHjZl1tm4”

20
Apr
Industry News
PATH Act may delay 30M+ refunds
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PATH ACT.
On December 18, 2015 Congress passed a bill that may impact 30+ million taxpayers and the tax professionals who prepare their returns. The PATH Act (Protecting Americans from Tax Hikes) creates a law that prohibits the IRS from releasing refunds for taxpayers claiming Earned Income Tax Credit (EITC) and/or Additional Child Tax Credit (ACTC) prior to Feb. 15, 2017.
The impact to taxpayers and tax professionals
– Estimated 30+ Million taxpayers impacted
– Over $100 Billion in refunds may be delayed

This PATH Act legislation may create funding delays of up to six weeks or more for taxpayers filing at the beginning of the tax season, impacting those that need their refund the most.