7 Ways Your Taxes Will Change in 2020

This tax season just ended and it’s time to get right back to work preparing for the next one.  If you want to make the most of everything from tax deductions to tax-advantaged accounts , now is the time to learn the rules that will apply to your next return.

Many key dollar figures — from standard deductions to retirement account contribution limits — can change every year due to inflation. Additionally, some aspects of 2017’s tax reform didn’t take effect until this year.

So, here is a look at some of the biggest ways in which the federal tax return you file in 2020 will differ from the one that you hopefully filed by today.

1 23 ... 8NEXT

Leave a Comment

Your email address will not be published.

gun law

5 States to Implement New Gun Laws in 2022

Last year, the Biden administration announced proposed legislative changes and executive actions to restrict “ghost guns,” “the creation of new,” and “red flag laws” and ATF clarification of firearm stabilizing braces. For law-abiding gun owners and for people who want

laws

13 Laws That Make America a Better Place

We all want a better country to live in! And usually the “friend in need” is the law. They are the most important things for a state to function properly. Some of the most important laws were written in the

From Our Network: