Month: March 2022

2021 Tax Return Changes & Tips

2021 Tax Return Changes & Tips

Haven’t filed your 2021 tax return yet? Here are some changes & tips you should know about. Whether you do your tax returns by hand, use software, or hire a professional, only you can gather the info needed. Before starting, be aware of  changes that affect 2021 tax returns. The best source of information is the IRS itself. But see the article below for details on some of the changes. Bonus…you don’t have to be a CPA to understand the article! 2021 Tax Return Changes & Tips April 18 is the deadline to file federal income tax returns this year. Most, but not all state returns are due on the same day. In case there’s any question, here’s a List of State Income Tax Deadlines for 2022. To learn more about the changes see 2021 Taxes: Changes to Know About. Topics include: Stimulus Payments/Recovery Rebate Credits Child tax credit Earned income tax credit Child and dependent care credit Unemployment income taxability Education credit changes Charitable contributions Premium tax credit for health insurance 1099-K rule change (gig workers) Business meal tax deduction Tax Deductions You Might Miss If you itemize expenses make sure you include all the deductions you’re entitled to. The best […]

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