Standard Deduction

Tax Deductions

2021 Tax Deductions Are Getting Larger: What This Means to You

In 2020, the standard deduction you could claim on your taxes was raised to almost double the past amount. Many American families will see the savings reflected when filing their taxes for 2020. The IRS recently announced the new adjustments for the 2021 tax deduction. There were a few surprises; namely, the standard deduction has Read more