Before we get the tax season underway, there are some important deadlines and changes that you need to know:
- Tax Day is Thursday, April 15, 2027. You must file your returns by this date unless you are granted an extension by the IRS.
Tax deductions help lower how much of your income is taxable. Keep in mind that you can claim charitable donations, medical deductions, business deductions, earned income tax credit, and child tax credit. As always, if you are claiming any tax deductions and/or credits for this season, please ensure you have the records to reflect such.