Looking for Help With Your Taxes? Here’s Everything You Need To Know

February 24, 2021

3 min Read

Woman smiles as she sits at her table with her laptop and financial reports doing her monthly budget.

RichVintage / Getty Images/iStockphoto

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 Years
Helping You Live Richer

Reviewed
by Experts

Trusted by
Millions of Readers

Believe it or not, tax season is already upon us: The IRS began accepting and processing 2020 tax year returns on Feb. 12.

Filing your taxes correctly and on time can be a stressful process. Fortunately, GOBankingRates has all of the resources you need to ensure your smoothest tax season possible.

Getting Started

Whether you’ll be doing your own taxes or getting professional help this year, there are certain things all tax filers must know. Find out:

What To Know If You’re Doing Your Own Taxes This Year

If you’re taking a DIY approach, make sure you’re aware of everything you will need to do to file your taxes completely and correctly — especially if your life circumstances changed in 2020.

Doing Your Own Taxes? Make Sure You Follow These 15 Tips
Everything New Parents Need To Know About Filing Taxes This Year
Got a Side Hustle? Here’s How to Calculate Estimated Taxes
How To File Your Taxes If You Got Married in 2020

Know What Tax Credits, Breaks and Deductions You Qualify For

To get the biggest refund possible — or lower the amount you will owe — make sure you are taking advantage of all of the tax credits and tax breaks you are eligible for. Depending on your circumstances, you may qualify for more credits than in years past — so you want to make sure you don’t miss out. You also need to know what deductions you are eligible for if you choose to itemize your taxes.

Today's Top Offers

Avoid Common Mistakes

Making a mistake on your tax return can result in a dreaded audit. But, if you’re prepared, you can avoid having to deal with this unwanted hassle.

Understand What the New Presidency Means for Your Taxes

In 2017, former President Donald Trump passed the Tax Cuts and Jobs Act, a major overhaul of the existing tax code. However, President Joe Biden announced during his campaign that he would reverse certain elements of the Tax Cuts and Jobs Act. Find out what Trump’s tax policy has meant for taxpayers, and what changes could be coming under Biden.