4 Tax Credits That Will Be More Generous in 2021

You hopefully already know that limits on certain retirement accounts tend to rise each year to account for inflation — and 2021 will be no exception to that, as we recently reported. But these are not the only limits that the IRS imposes or oversees that tend to increase annually. Limits on certain federal income tax credits also tend to rise each year to account for inflation.

Original Article Posted at : https://www.moneytalksnews.com/limits-for-these-2-tax-credits-rise-for-2020/