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24 Most Important Tax Law Changes and Adjustments for Year End Tax Planning

  • Written by Steel Rose

If you haven't started already, it's time to begin thinking about your 2021 tax return. After all, the more tax planning you do, the more money you may be able to save. However, proper tax planning requires an understanding of what's new and changed from the previous year — and there are plenty of tax law changes and updates for the 2021 tax year that smart taxpayers need to know about.

The Covid-relief bills signed into law last December and March include a number of provisions that could impact your 2021 tax return. Other 2021 tweaks are the result of new rules or annual inflation adjustments. But no matter how, when or why the changes were made, they can hurt or help your bottom line — so you need to be ready for them. To help you out, we pulled together a list of the most important tax law changes and adjustments for 2021 (some related items are grouped together). Use this information now so you can hold on to more of your hard-earned cash in April when it's time to file your 2021 return. To read all 24, click here.

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