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5 Changes to Your Federal Tax Return Form in 2021

5 Changes to Your Federal Tax Return Form in 2021
The new Form 1040 features two new tax breaks, among other changes.
Pra Chid / Shutterstock.com
Last year, the Form 1040 tax return got a bit of a makeover. This tax season, the changes to the return for 2020 are less noticeable but at least as important for the average taxpayer.
They include a new tax deduction and a new tax credit, for example, thanks to coronavirus pandemic relief laws. So, even if you never set eyes on your Form 1040 because a software program or professional handles it for you, these changes stand to affect the amount of your tax refund or your tax bill. ....

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Hoping for another $1,200 stimulus check? You'll be disappointed

Hoping for another $1,200 stimulus check? You ll be disappointed
MoneyWise
12/18/2020
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Your next stimulus check may be disappointing
Negotiators are getting close to a deal that would give you a second stimulus check, another direct payment from the government to provide financial relief from COVID-19.
Yeah, I know haven t we been here before? They ve been talking for months and months and
months, almost since the first round of cash went out in the spring. A few times it seemed an agreement was near, but then nothing.
This time may be different. The details of a new economic rescue package are coming into sharp focus, and it seems to have broad support, including from Senate Majority Leader Mitch McConnell, who put the kibosh on several earlier proposals. ....

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