This year, taxpayers will face a number of major tax law changes when preparing their 2021 federal tax returns. Over the past two years, Congress has passed tax legislation to address the impact of the coronavirus pandemic on household finances and the economy in general, and the measures adopted could significantly affect the refunds taxpayers receive or the amount they owe.
In an interview, Kathy Ploch, CPA and tax expert with Durio & Korpal of Houston, explained some of these changes and outlined what taxpayers should consider when preparing their 2021 returns. Ploch, who is in her 38th tax season as a tax preparer, became a certified public accountant in 1999. She has prepared all types of tax returns, including returns for individuals, businesses, not-for-profit organizations, estates and trusts.
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