Tag: 2021 tax changes

Posts Tagged ‘2021 tax changes’

Understanding Joe Biden’s Tax Plan

Posted by Manisha Hansraj on December 18, 2020

Last modified: December 18, 2020

Many Americans want to know how our future president’s tax plan will affect them.

Biden’s tax plan will affect wealthier Americans, corporations, and everyday individual taxpayers. He also plans on making significant tax revisions on Trump’s previous tax plan which took place in 2017.

Skip the tax jargon by taking a look at this quick breakdown.

Key Changes

Here are the major findings in Biden’s tax plan.

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Category: Tax and Life Changes, Tax for Business, Tax News, 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.