It’s Never Too Early To Learn About Tax Deductions For 2021
Most people may not want to think about 2020 again. But there is one last thing lingering in the air from 2020 – that is your 2020 taxes. Due to the pandemic, a lot of things have changed taxwise, so it is good to start planning for the 2021 tax filing season now. It is never too early to do some tax planning.
Some Important Things To Keep In Mind:
–Tax Day: Thursday, April 15, 2021
–Standard Deduction: Increased $12,400 for single filers and $24,800 for married couples that file jointly.
–Tax brackets: Income limits on tax brackets updated to account for inflation.
As usual, things may turn out more complex than expected. That’s where hiring a CPA in Pembroke Pines would come in handy. Whatever you do, don’t miss out on tax savings.
Let’s take a look at what’s new for the upcoming tax season, so you can file your taxes with confidence this year.