New changes in tax laws for 2021 may have a significant impact on your taxes. These changes include:
- An increased child tax credit
- A special write-off for certain charitable donations
- A possible repayment of health benefits if your income exceeds a certain amount
- The return of required minimum distributions from retirement accounts
When considering your tax projections, make sure to research these new laws if they apply to you. Check out this article for more information.