Tag: 2020 tax brackets

Posts Tagged ‘2020 tax brackets’

How to Fill Out the 2021 W-4 Form

Posted by Manisha Hansraj on October 29, 2020

Last modified: October 29, 2020

The W-4 form has been revamped by the IRS.

The IRS’ goal is to simplify the W-4 form to reflect a transparent withholding system. The 2021 W-4 form is still in it’s draft stages, but will most likely reflect the 2020 W-4.

Although the 2020 and 2021 W-4 forms appear different from previous forms, we’re here to break down the changes for you.

Say good-bye to allowances

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Tags: 2020 tax brackets, 2020 tax return, 2021 tax season, 2021 w4, allowances, efile, exempt, file, file online, IRS, late taxes, tax, w4, w4 form
Category: Tax Tips and Tricks
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Prepare for Tax Year 2020

Posted by Manisha Hansraj on September 11, 2020

Last modified: September 11, 2020

The IRS already announced the inflation adjustments for next year.

Although the e-file and extension deadline is in a month, the year is almost gone. 2020 has been more than a roller coaster ride, and the next tax season is only a few months away.

Many taxpayers may wonder how their stimulus payments affect your 2020 taxes, if they’re in the same tax bracket, and changes for the 2021 tax season. Keep on reading to find out.

How stimulus payments will affect your tax return