By taking a few simple steps now, you can greatly reduce uncertainty and stress during the upcoming 2020 tax filing season. These four actions will help complete your return efficiently, without unpleasant surprises:
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Ordinarily, only taxpayers who itemize deductions may deduct charitable contributions on their federal tax returns. However, the CARES Act allows many people who do not itemize to claim a deduction for 2020 cash contributions to ...

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Employees Who Work for Tips - If you received $20 or more in tips during December, you must report them to your employer (employees are required to keep a daily record of tips). All tips ...