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2020-2021 Federal Tax Brackets and Tax Rates

by | Apr 9, 2025 | Taxes

Each year, the IRS makes a series of inflation-related adjustments to the U.S. tax code. So, even if there are no major changes in the tax law, the tax brackets are likely to change. That’s exactly what has happened for the 2021 tax year. Here’s an...

What Are the Key IRS Tax Changes for 2021?

by | Apr 9, 2025 | Taxes

Everyone’s hoping that 2021 will be a lot different from how 2020 was. But when it comes to your 2021 income taxes, the IRS isn’t planning on a huge transformation like we saw back in 2018. Even without major tax reform, however, you still have to go...

2021 tax filing season set to begin February 12

by | Apr 9, 2025 | Taxes

The IRS will begin accepting and processing 2020 tax year returns on Friday, February 12, 2021. People who are ready to file can begin filing their tax returns with tax prep software, including IRS Free File. Software providers are accepting completed tax returns now,...