Northeast Ohio financial expert offers tax tips for the unique year that was 2020
Updated Feb 11, 2021;
Posted Feb 11, 2021
Rapidly changing tax laws have been complicated by various pandemic-related considerations that will likely affect many in Northeast Ohio. (Chris M. Worrell, special to cleveland.com)
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CLEVELAND, Ohio -- Although rapidly changing tax laws have come to be expected, the pandemic adds a layer of complexity to 2020 returns. Fortunately, Bryan Bibbo of J.L. Smith Group in Avon offers a number of simple tips that will help ensure the best possible outcome for all Northeast Ohio tax filers.
Many people nationwide missed out on a 2020 stimulus payment. According to Bibbo, the Recovery Rebate Credit will compensate -- dollar for dollar -- those who missed out, whether they owe taxes or not.