2020 Tax Season!
Forget winter—tax season is coming, and the time to start getting ready is right now. The last thing you want to do is wait until the week before April 15 to try setting up an appointment with a tax advisor or to start digging through all your files looking for receipts from last July.
We want you to be prepared to tackle your taxes before they tackle you. And to do that, we’re going to dig into what’s new for this tax season and what’s staying the same. Let’s break down the details and find out how those changes impact you this tax season!
Changes for the 2020 Tax Season That Affect Your 2019 Taxes
OK, first a quick recap. When the 2018 tax reform law was passed, it changed tax rates and deductions and had millions of Americans taking a closer look at how they did their taxes.
Most of those changes went into effect when you filed your taxes last spring for the 2018 tax year, but there are still a few things that will be different when you file your 2019 taxes that are due April 15, 2020.
So what exactly is going to be different when you file your taxes this year? Here are the main highlights: Read More