Tax Season is Here!

1/6/2021

Do you know the updated tax regulations?Clock and sticky note says Tax Time

Tax season is here, even if it feels like last tax season just ended. Like most years, there have been changes to the tax code this year. Here are some of the top ones you should be aware of and what you should do to be ready for them. 

Tax Day has been extended to May 17, 2021, is Tax Day this year. If your taxes are postmarked any later than that day, your taxes will be late, and you’ll be penalized. It is unlikely there will be a blanket extension this year. It’s been a rough year for everyone and those who’ve experienced job loss have had a particularly rough time. And that rough patch is likely to extend through tax season, as unemployment benefits are taxable.



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