Tax season is almost upon us and it’s going to be a messy one. Here’s what to know

The 2021 tax season gets underway next Friday, and taxpayers will see some changes ushered in by the coronavirus pandemic that could affect their returns. Experts say people should be aware of certain situations, including working in a different state or claiming a stimulus payment, that could affect their tax liability. Here’s what you need to know: —Are stimulus checks taxable? No. Anyone who qualified but didn’t receive a payment can claim the amount as a credit on their 2020 federal return. Tax experts say some people might be able to receive a larger tax refund if they were shortchanged o…

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HEDGE accordingly