You’re probably eager to put 2020 behind you, but unfortunately, at least one aspect of this tumultuous year is going to linger into the next one.
Tax season 2021 is primed to be a confusing one, with a laundry list of new considerations to take into account. For the millions of Americans who lost their jobs, were relegated to working from home or taking on gig work to make ends meet, there are potential tax ramifications to the changes we made in our lives to accommodate COVID-19.
Come April, your income taxes might look a little (or a lot) different. Here’s what to keep in mind now so you’re not surprised by a big bill.