Figuring Out
The 2020 tax season (for the 2019 tax year) is underway, and the Internal Revenue Service is expecting more than 150 million returns by the time it's all over. Though acting early may help prevent identity theft and fraud, the IRS still advises taxpayers to wait for official documents (W-2s, annual statements, etc.) before filing, to get it right the first time. Since 2019's Taxpayer First Act made the most comprehensive reforms to IRS procedures since 1998, it's especially important this year to do your homework and avoid confusion.
Related: 20 Valuable Tax Breaks for Seniors