Eliminate These Costly Tax Mistakes Before 2021

If the economic slowdown from the measures in place to fight the coronavirus pandemic has taught us anything, it's that we all need to make the most of whatever money we have available. That makes tax planning an even bigger deal than it normally is, since every dollar you hold onto is another dollar that helps you get through this mess.

Unfortunately, tax mistakes are often hard to spot in advance, and many of them, once they take place, can't be readily reversed. For the most part, though, individuals' tax situations largely reset each year, making few errors truly permanent problems. That makes now a great time to figure out how to get ahead of these particular costly tax mistakes and potentially eliminate them before 2021.

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