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3 Tips for Retirees Filing Their 2020 Tax Returns

March 29, 2021

From the Kiplinger website

The CARES Act and the COVID-Related Tax Relief Act, which were both enacted last year, included several tax breaks to help Americans battered by the pandemic. Now it’s time to fill out your 2020 tax return by the May 17 deadline to claim what you’re due. (The deadline was previously April 15 but was delayed because of the pandemic.

This year’s tax return may be different because of the new tax breaks. For many seniors, the changes for charitable giving, required minimum distributions and the new Recovery Rebate Credit deserve the most attention, according to Letha McDowell, president-elect of the National Academy of Elder Law Attorneys.

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