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Key Tax Changes for This Year

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Taxes aren’t stagnant. Rules, provisions, and earnings thresholds can shift slightly from year to year, and they usually do. The changes can happen to keep up with inflation, or due to new laws passed by Congress. The 2020 tax year—the tax return you’ll file in 2021—has been subject to its share of upheaval, so it can pay to get informed and begin preparing for it ahead of time.

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Original Article Source Credits:   The Balance ,

Article Written By:  Beverly Bird

Original Article Posted on:  January 20, 2021

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