2021 Standard Deductions Are Better Than Ever!
It's that time of the year again: 2020 is coming to a close, and you can start planning for a prosperous 2021. To give you a head start, here's something that will make you feel good about your tax return: Standard deductions are increasing for 2021!
Tax deductions lower your taxable income, and the less you pay in taxes, the more money you can keep in your pockets. If you're trying to identify a simple way to maximize the benefits of the tax code, the 2021 standard deduction amounts are another treat to add to your tax checklist.
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Source Fool.com