PHOENIX — Worried about your tax refunds with this government shutdown?
While taxes will be processed, refunds could still be delayed.
The Internal Revenue Service (IRS) says it's bringing back a lot of employees but tax preparers who haven't had questions answered for more the more than week long shutdown could be playing catch-up.
Here's what you need to know:
January 28 is the first day to file. Filing early will get your refund more quickly and it lessens the chance scammers will put in for your money before you do.
The 2018 tax year also has changes for filers with families.
The child tax credit doubles from $1000 to $2000.
The standard deduction has also doubled, to $12,000 for single filers and $24,000 for married couples
But according to financial website Motley Fool, personal exemptions that could lower your tax bill in years passed, have gone away and could negate the benefit of the standard deduction increase.
And moving expenses are no longer tax deductible unless it is active military related.
Take a look at some of the other major changes that may affect you here.
