(KERO) — The IRS will start accepting tax returns Friday and there are some new provisions for people who suffered financially because of the pandemic.
It's a one time rule that allows people to use either their 2019 or 2020 income to get the most out of the earned income and child tax credits. Since many people lost their jobs last year or had their hours cut they may not have qualified.
So this year you could use your 2019 income to qualify if that works out better. They both can significantly reduce the amount of taxes that you owe.
