Spring is here. That means it's time to put away your snow boots, open your windows, and ... file your income taxes.
The coronavirus pandemic upended the ways many people earned money in 2020. Some started side hustles to replace or supplement income from a traditional job, others moved or worked from different states to ride out the pandemic, and a record number of people collected unemployment benefits as the effects of the pandemic rippled through the economy.
Any of these situations can affect how much you pay in taxes, and the effort you'll need to put into preparing your return. And even if 2020 was a fairly normal work year for you, it doesn't hurt to brush up on your tax knowledge before submitting your paperwork to avoid potential mistakes. Make sure you're prepared to file your 2020 income taxes by answering the five questions below.
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