Keeping your records organized will help make sure you don’t miss out on valuable deductions when it is time to file.

Some documents to be on the lookout for:

Wage and income statements (like W-2 or …

Many taxpayers who hold traditional IRAs or other retirement accounts must make annual withdrawals called Required Minimum Distributions, or RMDs. The CARES Act waived most RMDs for tax year 2020, and also created special tax …

December

Day

10
Employees Who Work for Tips – If you received $20 or more in tips during November, you must report them to your employer (employees are required to keep a daily record of tips). All tips …