Article Date:
April 2021


Word Count:
1803

 

 

Tax Bonanza: Expanded Individual Tax Credits in New Law


For tax year 2021, Congress is giving away billions of dollars in additional tax credits on your Form 1040 individual tax return.

 

These temporarily expanded tax credits include the child tax credit, the dependent care credit, and the health insurance premium tax credit.

 

With good planning on your end—which you have more control of than most, because you are in business for yourself—the various credits could easily put an additional $5,000 or more in your pocket for tax year 2021.

 

You’ll learn how to get the maximum value from the enhanced tax credits when you read this article. ... Log in to view full article.

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