Pandemic continues to influence tax season, which begins Monday
There are several things you should know before filing this year
There are several things you should know before filing this year
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 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.