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Pandemic continues to influence tax season, which begins Monday

There are several things you should know before filing this year

Pandemic continues to influence tax season, which begins Monday

There are several things you should know before filing this year

THROUGH TAX WITUTHO ANY HICCUPS. KILEE: MAKE SURE YOU HAVE ALL YOUR DOCUMENTS RDYEA BEFORE YOU FILE ESPECIALLY FOR THOSE CIDOV RELIEF PAYMENTS. >> TYPICLYAL YOU'D WANT TO WAIT UNTIL MAYBE THE EARLY PART OF FEBRUARY UNLESS YOU ARE 100% SURE YOUAVE H THESE ITEMS WHEN YOU GOO T FILE. KILEE: JOSHUA JENSON SAYS THE BESTAY W TO FILE EAGLE IN I.R..S SENDS YOU THESE TWO LETS. DOCUMENT FIRST THE THIRD STIMULUS PAYMENT AND THE CHILD TAX CREDITS. >> IF YOU DIDN'T GET THE FULL OUAMNT, THIS IS WHERE YOU GOT THE REST OF THOSE DOLLAR THAT IS ARE DUE TO YOU. >> EXPERTS ALSO ADVISE TAXPAYERS TO TAKE ADVANTAGE OF A NEW DEDUCTIBLE THIS SEASON. >> THE NEW BIG DEDUCTION IN 2021 THAT'S EXCITING IS THAT YOU CAN DEDUCT UP TO $600 OF CHARITABLE CONTRIBUTIONS DIRECTLY ON FORM 1040 EVEN IF YOU DO NOT ITEMIZE YOUR DEDUCTION. DO NOT MISS THAT. IT'S RIGHTHERE T ON FORM 1040. >> JENSEN SAYS THAT WHY THE PANDEMIC MAY HAVE CAUSED SOME RETURN DELAYS LAST YEAR, HE DOESN'T EXPECT THE SAME THINK THIS TIME AROUND. >> THE I.R.S. HAS DONE A PHENOMENAL JOB AS WELL AS THE OKLAHOMA TAX COMMISSION AT WHERE IT IS POSSIBLE HAVING THEIR AGENTS BE ABLE TO WORK EITRHE REMOTELY OR IN A SAFEGUARD SITUATION THAT THEN ALLOWS FOR RETURNS TO CONTINUE TO BE PROCESSED. KILEE: SOMETHING TO KEEP IN MIND BEFORE YOU FILE, EMPLOYERS HEAV UNTIL JANUARY 31ST TO SDEN
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Pandemic continues to influence tax season, which begins Monday

There are several things you should know before filing this year

Tax season kicks off Monday, but the pandemic continues to impact filing.The big takeaway this year is to not rush. Accountants suggest taking a second look to make sure all documents are in order, particularly those regarding COVID-19 relief payments. 바카라 게임 웹사이트Typically, you바카라 게임 웹사이트d want to wait until the early part of February unless you are 100% sure you have these items when you file,바카라 게임 웹사이트 said CPA Joshua Jenson, founder of Jenson and Companies in Oklahoma City. Jenson said the best way to avoid delays is to wait until you receive two letters from the IRS: documents for the third stimulus payment and the child tax credits. 바카라 게임 웹사이트On your 2021 tax return, if you didn바카라 게임 웹사이트t get the full amount, this is where you get the rest of those dollars that are due to you,바카라 게임 웹사이트 he said. Experts also advise taxpayers to take advantage of a new deductible this season.바카라 게임 웹사이트The new big deduction in 2021 that바카라 게임 웹사이트s very exciting is that you can deduct up to $600 in charitable contributions directly on form 1040 even if you do not itemize your deductions,바카라 게임 웹사이트 he said. 바카라 게임 웹사이트Do not miss that. It바카라 게임 웹사이트s right there on Form 1040.바카라 게임 웹사이트Jenson said that while the pandemic may have caused some returns to be delayed last year, he doesn바카라 게임 웹사이트t expect things to be the same this year. 바카라 게임 웹사이트The IRS has done a phenomenal job, as well as the Oklahoma Tax Commission, at where it바카라 게임 웹사이트s possible, having their agents either work remotely or in a safeguard situation that allows returns to continue to be processed,바카라 게임 웹사이트 he said. Another thing to keep in mind before filing is that employers had until Jan. 21 to send W-2s.

Tax season kicks off Monday, but the pandemic continues to impact filing.

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The big takeaway this year is to not rush. Accountants suggest taking a second look to make sure all documents are in order, particularly those regarding COVID-19 relief payments.

바카라 게임 웹사이트Typically, you바카라 게임 웹사이트d want to wait until the early part of February unless you are 100% sure you have these items when you file,바카라 게임 웹사이트 said CPA Joshua Jenson, founder of Jenson and Companies in Oklahoma City.

Jenson said the best way to avoid delays is to wait until you receive two letters from the IRS: documents for the third stimulus payment and the child tax credits.

바카라 게임 웹사이트On your 2021 tax return, if you didn바카라 게임 웹사이트t get the full amount, this is where you get the rest of those dollars that are due to you,바카라 게임 웹사이트 he said.

Experts also advise taxpayers to take advantage of a new deductible this season.

바카라 게임 웹사이트The new big deduction in 2021 that바카라 게임 웹사이트s very exciting is that you can deduct up to $600 in charitable contributions directly on form 1040 even if you do not itemize your deductions,바카라 게임 웹사이트 he said. 바카라 게임 웹사이트Do not miss that. It바카라 게임 웹사이트s right there on Form 1040.바카라 게임 웹사이트

Jenson said that while the pandemic may have caused some returns to be delayed last year, he doesn바카라 게임 웹사이트t expect things to be the same this year.

바카라 게임 웹사이트The IRS has done a phenomenal job, as well as the Oklahoma Tax Commission, at where it바카라 게임 웹사이트s possible, having their agents either work remotely or in a safeguard situation that allows returns to continue to be processed,바카라 게임 웹사이트 he said.

Another thing to keep in mind before filing is that employers had until Jan. 21 to send W-2s.