2021 Tax Changes For Personal Filing
23 December 2021
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We have over 20 years experience in helping clients
resolve their tax and financial issues.
Get Free Consultation
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There are many advantages to being a freelance professional. However, filing your taxes can present a major challenge. If you are lucky enough to be a freelancer that works for a single company or client, then filing your taxes might be a breeze. But if you work for numerous companies.
When Benjamin Franklin famously wrote about the certainty of death and taxes, he may not have realized that that these two aspects of American life would later become important elements of financial planning. Estate and tax planning are not the most enjoyable topics of conversation. However, they are essential in terms.
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Anyone who works should see if they qualify for the Earned Income Tax Credit. While the EITC is most often associated with families, it can still work for certain people who are single and don’t have children. The reason it’s worth looking into this credit is it can reduce the taxes.
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Although the experience of getting a large tax refund can be quite nice, many people don’t realize that it’s not optimal. The reason is receiving a large annual refund means someone is actually missing out on a larger total amount of money. The simple explanation of why that’s the case is.
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