Ep 73: Top Tax Tips for Filing in 2021

As you file your 2020 taxes, what do you need to be aware of to account for that unprecedented year? What changes were made and how should you prepare? We'll fill you in on the top tax tips.

 

Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-73-top-tax-tips-for-filing-in-2021/ 

 

Watch the video podcast: https://youtu.be/XTHpqM3TG0s 

 

What we discuss on this episode: 

0:24 - Tax season has begun!

1:20 - Are the stimulus payments taxable?

2:53 - Any changes on the tax brackets?

3:51 - What do you need to know about charitable giving?

5:13 - What is the deal with RMDs in 2020 and 2021?

8:48 - Can you claim a home office after working from home?

10:44 - Why might a CPA be better than DIY?

12:46 - What is tax prep vs. tax planning?