PFI newsletter: Your guide to tax season 2021
Firstly, you'll get your refund sooner. Secondly, filing close to the tax-season start date shortens the window of opportunity for an identity thief to file a fake return in your name. Lastly, it's looking like the next round of stimulus checks — while not official yet — will allow 2020 income to be used for eligibility. If you lost your job or took a pay cut last year, it's a good idea to report the lower income ASAP to the IRS in the event you qualify for more aid. Your tax situation may look different this year because of pandemic-related financial relief. Here are six things to know: