COVID-19, Meet 2020
With 2020 finally over, that means the tax season to account for it is underway. Just like 2020 itself, this tax season promises to be full of unique considerations – due mainly to the coronavirus pandemic — so it’s important to familiarize yourself with the latest updates to the Internal Revenue Service’s tax code and how they may affect you. In fact, the IRS is pushing the filing deadline back this year. Below we’ve compiled all the major changes to U.S. tax laws you’ll want to take heed of when filing in 2021.
Related: 20 Valuable Tax Breaks for Seniors