Taxpayers can visit participating offices today for a look at how tax reform could affect their bottom line
VIRGINIA BEACH, Va., July 26, 2018 (GLOBE NEWSWIRE) -- Liberty Tax, Inc. (NASDAQ:TAX)
Taxpayers want to know what tax reform means to them, and Liberty Tax, a leading tax preparation franchise, has the crystal ball. Liberty Tax’s new tax reform calculator lets taxpayers peer into their tax future. The calculator incorporates changes under the Tax Cuts and Jobs Act (TCJA) to give taxpayers an idea of how the new law may affect their tax bill or their tax refund.
“We have what taxpayers need,” said Liberty Tax CEO Nicole Ossenfort. “The tax reform calculator is the perfect tool to provide a first-time assessment of a taxpayer’s situation under the new law. The calculator’s results will help taxpayers know what to expect when they visit us to file their tax return next year. Because the year still is young, taxpayers can make any necessary changes today, if they have concerns about how tax reform will affect their tax refund.”
Although tax reform has been a major topic this year, taxpayers still are confused about the new law – the biggest change to the tax code in more than 30 years. In a recent Liberty Tax survey* of more than 1,000 people, only about 16 percent could identify that the personal exemption has been suspended under TCJA. That change will affect taxpayers with qualified dependents.
Liberty Tax knows how complicated tax reform can be for taxpayers. To help taxpayers navigate the changes, participating Liberty Tax offices will provide free tax reform reviews throughout the summer and fall.
Taxpayers who want to learn even more about tax reform can sign up for Liberty Tax’s tax preparation course, which provides an in-depth look at taxes, and teaches students how to prepare taxes for themselves and others.
Liberty Tax works hard to provides answers and help taxpayers understand how income taxes affect their lives.
About Liberty Tax, Inc.
Founded in 1997, Liberty Tax, Inc. (NASDAQ:TAX) is the parent company of Liberty Tax Service. During tax season 2017, Liberty Tax prepared over two million individual income tax returns in more than 4,000 US/Canadian offices and online. Liberty Tax's online services are available through eSmart Tax, Liberty Online and DIY Tax. Liberty Tax also supports local communities with fundraising endeavors and contributes as a national sponsor to many charitable causes. For a more in-depth look, visit Liberty Tax Service and interact with Liberty Tax on Twitter and Facebook.
* The data for this survey was collected using SurveyMonkey Audience and respondent recruitment information is available here: www.surveymonkey.com/mp/audience. SurveyMonkey is not associated with, nor does it endorse or sponsor the content included in this poll.
Chief Marketing Officer
Liberty Tax Service
Source: Liberty Tax, Inc.