Here are several key tax breaks you should keep in mind as you gather documents to prepare to file your 2021 taxes.
The IRS will begin accepting tax returns, and unlike the past two years, there will be no COVID-19 extensions.
Except for the wealthiest households,"anyone with children ages 17 and below is likely eligible to claim the child tax credit," Pickering said.Experts say it's important to file your taxes early this year, as COVID delays are likely again. For instance, if you had another child in 2021 you may be entitled to more than your advanced payments reflect.
If you got that third payment, the IRS will send you a letter detailing how much you were paid. You should report that information on your return.
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