5 Tax Breaks Extended for 2021 If Not Longer
Recent legislation means you might be able to claim these federal income tax breaks into next year.
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Federal budget legislation enacted in late December did a lot more than fund the government for another year.
It also includes the Taxpayer Certainty and Disaster Relief Act of 2020, a law that extended numerous tax breaks that otherwise would have expired. That means these breaks are available for not just your 2020 federal tax return that’s due in April but also the one after that if not longer.
So, with the tax filing season set to officially get underway on Feb. 12, let’s take a look at some of the breaks for individuals that the recent tax law has revived.