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Certain changes to the law expand the EITC for the 2021 tax year as well as future years. In previous years, the credit wasn’t available for married filing separately.
The lookback election can help you qualify: “If your income in 2019 is higher than your income in 2021, [the lookback election] …using that 2019 income allows you to claim a higher earned ...
In 2022, the federal estate tax exemption rises to $12.06 million from $11.7 million in 2021. The gift tax annual exclusion — or the amount you can give each person before you use up some of the ...
For 2021 (filing in 2022) and 2022 (filing in 2023), there are seven federal income tax brackets, ranging from 10% to 37% of your income. Unmarried and married individuals (and heads of household ...
The IRS tax deadline for 2021 returns is April 18 for most states. Child Tax Credit payments and Recovery Rebate Credits can make delay refunds. When are taxes due in 2022 and where is my tax refund?
Form 1040-X (officially, the "Amended U.S. Individual Tax Return") is used to make corrections on Form 1040, Form 1040A, and Form 1040EZ tax returns that have been previously filed (note: forms 1040-A and 1040-EZ were discontinued starting with tax year 2018, but a 1040X may still be filed amending one of these tax forms filed for previous years).
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related to: 2019 taxes changes due 2021 2022 year in review pagesStellar Choice For Taxpayers - TopTenReviews