Your Top 10 Income Tax Questions and Answers

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This time of year, most families’ biggest financial concern is filing income taxes. In 2018, a brand new tax bill took effect and brought in sweeping changes to many family’s personal income taxes and lots of questions with it. A year later, I’m still getting lots of inquiries about it, so this week, I’ve put together your most common income tax questions and answers

Disclaimer: My degree and career experience is in Finance and Business Economics. I am not a CPA or tax accountant. Every personal financial and tax situation is different, and only a CPA with your full financial information can properly advise you. You should always consult with a CPA, specializing in personal income tax, regarding your personal taxes.

Thank you for sharing!

About Meghan

Meghan spent nearly a decade as a Financial Analyst, before spending the last 7+ as a SAHM to three little ones. She shares simple money tips for moms to help your family reach your financial goals by building a financial plan you can LIVE with! You can learn more about her background in finance, catch her daily on Instagram and Facebook, and her weekly live discussions in her community for Family Finance Moms.


  1. Richard Buckley on February 27, 2020 at 9:46 am

    The new tax law that doubled the standard deduction and eliminated some itemized deductions passed in December 2017, not 2018. It took effect starting in the 2018 tax year.

    • Meghan on February 28, 2020 at 8:01 am

      You are totally right! Time flies… will fix that.

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