3 claims to make the most out of your Federal Tax Return in 2021?
The outbreak of the pandemic affected the finances of households worldwide in 2020. The deadline for income tax filing in the United States is on April 15, this year. However, as per a survey conducted by the National Association of Tax Professionals amongst tax professionals about the filing season and its deadline: 77% of the tax professionals support an extension to the deadline, while 66% of respondents are concerned about the tax impact of COVID-19, including earned income credits. NATO is continuing to monitor the 2021 tax filing deadline, but below are three claims that can help you make the most out of your Federal tax returns:
If you have not filed your taxes on your own and are not confident enough, you can take the help of a tax filing expert specializing in the preparation and filing of federal tax returns as per the regulatory standards. Source: Internal Revenue Service CPA Practice Advisor
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Author
Jim Merrill
Jim Merrill is the President of US Operations at Pacific Accounting & Business Solutions (PABS). He holds a Bachelor of Business Administration degree with a Major in Accounting from the University of Hawaii at Manoa from where he graduated with honors.
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