2021 – 07/16 Summer brings changes for many people, but you may not think about the tax aspects of those changes. That’s why the IRS is reminding taxpayers of a few ways that summer events could affect you at tax time. If you got married in 2021, your tax filing status has changed. Be sure to check your withholding and notify certain agencies (see link below). For those with kids in summer day camp (not overnight camp), the cost may count towards a child and dependent care credit. If you earn extra income providing services such as delivery or ridesharing, the earnings are taxable and related expenses may be deductible, so keep good records for your 2021 tax return. Here’s more:

Similar Posts